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Gold Crashed 30% This Year — Now It's Climbing Again. Should Your TFSA or RRSP Be In It?

  August 12, 2026 If you've only glanced at the gold headlines this week, you've probably seen some version of "gold near two-month high." That's true — spot gold touched an intraday peak of US$4,434.84 an ounce on Tuesday, its best level since June 5, before settling back to around US$4,382. But "two-month high" undersells what's actually happened to gold in 2026, and that fuller story is the part that matters if you're deciding whether to put any of it in a TFSA, RRSP, or FHSA right now. Here's the short version: gold went nearly vertical in January, hit an all-time record, crashed by close to 30% within weeks, spent the spring and early summer languishing near US$4,000, and has spent the last six weeks clawing about 10% of that back. Where it goes from here is genuinely split among the banks that cover it professionally. That's the setup worth understanding before you buy. The wildest year gold has ever had Gold entered 2026 already o...
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Madeira Wildfires: A Battle Against Nature’s Fury


For the past eight days, wildfires have been spreading across the picturesque Portuguese island of Madeira, causing widespread destruction and threatening local communities. The situation remains critical as firefighters battle to contain the flames.

Key Points:

  1. Island in Crisis: Madeira, known for its lush landscapes and vibrant tourism industry, is now grappling with a disaster. The fires have consumed large swaths of forested areas, leaving behind charred landscapes and smoke-filled skies.

  2. Emergency Response: The European Union (EU) has stepped in to provide assistance. Firefighting teams from neighboring countries are joining local efforts to control the flames. Aerial firefighting resources, including water-dropping planes and helicopters, have been deployed.

  3. Evacuations: Residents and tourists have been evacuated from affected areas. Emergency shelters are providing refuge for those displaced by the fires.

  4. Environmental Impact: The fires have ecological consequences, endangering native flora and fauna. The island’s unique biodiversity is at risk.

  5. Investigation: Authorities are investigating the cause of the fires. While extreme heat and dry conditions are contributing factors, deliberate arson has not been ruled out.


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