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Canadian Money Brief: TSX Holds Steady as Wall Street Hits Records, Oil Slides to 5-Month Low

  Friday, July 3, 2026 U.S. markets are closed today for Independence Day (observed, since July 4 falls on a Saturday this year) and reopen Monday, July 6. Here's a recap of Thursday's session in Canada, the U.S., and Europe, plus how Asian and European markets are trading today as they react to Thursday's soft American jobs report. Thursday's Close S&P/TSX Composite 34,966.67 (+109.68, +0.31%) Dow Jones Industrial Average 52,900.07 (+1.14%, record close) S&P 500 7,483.24 (essentially flat, +0.01 pts) Nasdaq Composite 25,832.67 (-207.36, -0.80%) WTI Crude (Aug. contract) US$68.69/bbl (+11¢) Gold (Aug. contract) US$4,125.70/oz (+$43.30) Canadian Dollar 70.52¢ US (from 70.37¢ Tuesday) 🇨🇦 Canada: TSX Gains on Tech and Materials Strength The S&P/TSX Composite Index rose 109.68 points, or 0.31%, to close at 34,966.67 on Thursday, driven by gains in the technology and basic materials sectors. Brianne Gardner, senior wealth manager at Velocity Investment Partners...
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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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