Published July 5, 2026 Your morning rundown on the Canadian economy, markets, and money moves — TSX hits a record close, CUSMA talks roll past the deadline, the first CGEB payment lands, and what to expect ahead of the Bank of Canada's July 15 decision. 1. TSX closes at a record high on gold-miner strength The S&P/TSX Composite climbed 0.9% to close at a record 35,275 on Friday, July 3, powered by gold mining stocks. Gold prices firmed after U.S. nonfarm payrolls for June came in at roughly half the expected pace, fuelling bets that the Federal Reserve could turn more dovish. Agnico Eagle, Wheaton Precious Metals, and Barrick all posted solid gains, while financials like Scotiabank and BMO also moved higher on easing oil-supply concerns. Why it matters: if you hold Canadian equity index funds in your TFSA or RRSP, resource and financial-sector strength has been doing a lot of the heavy lifting this year — worth knowing if your portfolio feels more concentrated than you'd...
Here’s are some tips on how to save money before you really need it:
- Automate your savings: Set up automatic transfers from your checking account to your savings account each month. This technique can be especially useful when your savings accounts are dedicated to specific goals, such as establishing an emergency fund, going on a vacation or building a down payment.
- Track your spending: Keep track of all your expenses to identify areas where you can cut back. You can use apps like Mint or PocketGuard to help you track your spending.
- Reduce your bills: Shop around for better deals on your phone, internet, and cable bills. You can also bundle services to save money.
- Cancel subscriptions: Cancel any subscriptions that you don’t use or need. This includes gym memberships, magazine subscriptions, and streaming services.
- Shop smart: Look for deals and discounts when shopping for groceries, clothes, and other items. You can also use cashback apps like Rakuten or Honey to save money.
- Cook at home: Eating out can be expensive. Cooking at home is not only cheaper but also healthier.
- Use public transportation: If possible, use public transportation instead of driving. This can save you money on gas, parking, and car maintenance.
- Buy used: Consider buying used items instead of new ones. You can find great deals on websites like Craigslist, Facebook Marketplace, and eBay.
- Take advantage of free events: Look for free events in your community, such as concerts, festivals, and museums. This can be a great way to have fun without spending money.
- Set savings goals: Set specific savings goals for yourself and track your progress. This can help you stay motivated and focused on your financial goals.
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