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5 Things to Know Today: July 4, 2026

  Saturday, July 4, 2026 Here's what Canadians need to know this morning — from a strong close on Bay Street to a trade deal that's now on shakier ground, plus what to watch before the Bank of Canada's next rate call. 1. TSX Closes Sharply Higher, Loonie Slips The S&P/TSX Composite Index jumped 308.17 points, or 0.88%, to close at 35,274.84 on Thursday, July 3, as markets reopened following the Canada Day long weekend. Trading volume topped 89 million shares. Gains were broad-based, with the small-cap S&P/TSX Venture Composite up 2.61% on the day. The Canadian dollar edged lower against the U.S. dollar, with CAD/USD dipping about 0.10% to roughly 70.4 cents. Figures cross-checked against Yahoo Finance, Google Finance, and Bloomberg. 2. CUSMA Trade Deal Left in Limbo After U.S. Declines Extension The mandatory six-year review of the Canada-U.S.-Mexico Agreement passed its July 1 milestone without a renewal. The U.S. Trade Representative's office confirmed Washing...
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US stocks hope for economic stability after record highs

 


The US stock market has been on a roll this year, with the S&P 500 index up by 17% and hovering around 6% below its record high from January 2022. The market’s performance in the coming weeks will depend on how confident investors are that the US economy will experience a soft landing..

A soft landing is a scenario where the economy slows down moderately without going into a recession . Morgan Stanley Research believes that the US economy can achieve a soft landing, given the current housing cycle, income and spending trends, a stable labor market, and receding inflation. However, banking-sector turmoil and a resulting credit squeeze still pose some recession risk.

The recent stock market rally has Wall Street re-examining the potential for the US economy to pull off a soft landing scenario. Goldman Sachs expects the economy to react positively to the Fed’s monetary policy in 2024.

It’s worth noting that the stock market is not always a reliable indicator of the economy’s health. Therefore, investors should be cautious and not celebrate too soon.



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