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5 Things to Know Today: July 7, 2026

July 7, 2026 Your quick morning rundown of the market and money news shaping Canadians' wallets today. 1. TSX Hovers Near Record Territory After Gold-Led Rally The S&P/TSX Composite closed at a record high of 35,274.84 on Friday, a gain of 0.88%, powered by a surge in gold mining stocks. The index has stayed close to that record through the start of this week as bullion prices remain elevated. For Canadian investors, especially anyone holding TSX-tracking ETFs in an RRSP or TFSA, the rally has been broad-based across financials and materials, though gains have leaned heavily on gold and mining names rather than the whole market. 2. Gold Steadies Near $4,150 US After a Volatile Start to the Week Gold is holding around US$4,150 an ounce as investors await Wednesday's Federal Reserve meeting minutes. The metal's strength traces back to Friday's much weaker-than-expected US jobs report, which cooled bets on a near-term Fed rate hike. For Canadians, gold's resilien...
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China’s Economic Recovery in 2024: Challenges and Opportunities



China’s economy is expected to face a “slow and bumpy” recovery in 2024, according to a report by Bloomberg News. The report suggests that China is likely to hit its growth goal of about 5% for 2023, but deflation risks, the housing crisis, and a lingering confidence crunch could derail efforts to build momentum in 2024.

The Chinese government has been implementing targeted stimulus measures to boost the economy, but the recovery is expected to be slow and bumpy as these measures trickle through to investment sectors and the property recovery proceeds at a snail-like pace.


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