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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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New Tariffs on Canadian Oil and Gas Could Drive Up U.S. Energy Prices

Energy producers are sounding the alarm over proposed tariffs on Canadian oil and gas, warning that such measures could lead to higher prices for U.S. consumers. The Trump administration has announced plans to impose a 25% tariff on all imports from Canada, including energy products, as part of an effort to curb illegal immigration and drug trafficking. 

Canada is the largest supplier of crude oil to the United States, with over 3.8 million barrels per day being imported. Industry experts argue that tariffs would not only hurt the Canadian energy sector but also result in increased costs for American consumers. "Imposing tariffs on Canadian oil would lead to higher gasoline and diesel prices in the U.S.," said Richard Masson, an executive fellow at the University of Calgary's School of Public Policy.

The potential tariffs have sparked concern among U.S. energy producers, who fear that the increased costs could disrupt supply chains and lead to inflation. "This is a lose-lose situation for both countries, added Dennis McConaghy, a former executive with TC Energy. 

As negotiations continue, the energy industry is urging policymakers to consider the broader economic impact of such tariffs and to seek alternative solutions to address the underlying issues.




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