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5 Things to Know Today: TSX Hits a Fresh High, Gas Prices Ease, and the Fed Decision Looms

  Tuesday, July 28, 2026 — Here's what's moving markets and your wallet today, in five minutes or less. 1. The TSX just posted its best close of the year The S&P/TSX Composite closed Monday at 35,568.14, up 0.56% on the day, as a weekend pause in the US-Iran conflict sparked a relief rally across global markets. It's the third time in a week the index has flirted with record territory. The rally has been broad-based — energy names cooled off as oil retreated, while banks and industrials picked up the slack. What it means for you: If you hold Canadian equity funds in your TFSA or RRSP, this is a good week to check your statement — but resist the urge to chase the rally by moving money in reaction to a single good week. Stick to your regular contribution schedule. 2. Gas prices are finally coming down With Brent crude sliding toward the mid-$80s after the US-Iran truce held over the weekend, pump prices are easing across Ontario after weeks of increases. Regular gas in t...

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Wall Street Inches Higher, US Steel Gets $14 Billion Buyout Offer from Nippon

 

Wall Street opened higher on Monday, with the Dow Jones Industrial Average up 0.2% and the S&P 500 up 0.1% in early trading. The Nasdaq Composite was up 0.1%. Investors are watching the Bank of Japan’s two-day meeting for hints of a change to the central bank’s longstanding near-zero interest rate policy. 

Meanwhile, US Steel has received a $14 billion buyout offer from Nippon Steel, which would make it the largest acquisition in the steel industry’s history. The deal is expected to close in the first quarter of 2024.


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