TSX Hits Record High, Barrick Misses Estimates, Oil Prices Rise

What happened

The TSX hit a record high on Friday and is holding steady. Barrick Mining missed profit estimates due to rising costs and tax penalties in Mali. Oil prices dropped 7% last week on deal hopes but are climbing again. The Canadian dollar is up 1.57% against the greenback over the past month.

Why it matters

Investors are grappling with geopolitical risks in the Strait of Hormuz and uncertainty regarding the Fed's interest rate decisions. Barrick's miss highlights global headwinds, while the Loonie's strength poses a double-edged sword for exporters.