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5 Things to Know Today: July 8, 2026

  Wednesday July 8, 2026  Your quick morning rundown of the Canadian money and markets news that matters — CUSMA's new review clock, the countdown to next week's Bank of Canada decision, a green morning on the TSX, and more. The big picture: Markets are grinding higher on firmer oil prices, CUSMA has shifted into an annual review process instead of a full renewal, and all eyes are turning to the Bank of Canada's July 15 rate announcement. 1. TSX opens higher as oil prices climb Canadian markets are starting the day in the green. The S&P/TSX Composite is up roughly 0.2% to around 35,270, with financials and energy stocks leading gains. Energy names are getting an extra lift after crude oil jumped about 2.7% to just over US$72 a barrel, while the loonie is holding steady near 70.5 cents U.S. 2. CUSMA moves to annual review instead of full renewal The July 1 deadline for Canada, the U.S. and Mexico to agree on a 16-year extension of the Canada-U.S.-Mexico Agreement came a...
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How to Invest Wisely in 2024: A Guide for Long-Term Success

As the year 2023 comes to an end, many investors may be tempted to review their portfolio performance and make changes based on the latest market trends. However, this may not be the best strategy for achieving long-term financial goals. Instead, investors should focus on the big picture and stick to their investment plan, regardless of short-term fluctuations.

According to experts, there are several benefits of adopting a long-term perspective when investing. First, it can help investors avoid emotional reactions to market volatility, which can lead to costly mistakes. Second, it can reduce the impact of fees and taxes, which can erode returns over time. Third, it can allow investors to take advantage of compound interest, which can significantly boost their wealth in the long run.

To invest for the long term, investors need to have a clear vision of their objectives, risk tolerance, and time horizon. They also need to diversify their portfolio across different asset classes, sectors, and regions, and rebalance it periodically to maintain their desired allocation. Moreover, they need to review their portfolio regularly and make adjustments only when necessary, such as when their circumstances change or when their investments deviate significantly from their expectations.

By following these principles, investors can increase their chances of achieving their financial goals and enjoy a prosperous new year.

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