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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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Stocks close mixed as tech pares losses


On Tuesday, January 9, 2024, the US stock market closed with mixed results. The Dow Jones Industrial Average (^DJI) slipped 0.4% or about 150 points. The benchmark S&P 500 ( ^GSPC) fell by nearly 0.2%, while the tech-heavy Nasdaq Composite ( ^IXIC) crawled above the flatline, in a reversal of earlier losses. The tech rally wavered after a Samsung profit warning took the shine off the sector. Samsung’s update weighed on hopes for a rebound in the PC and mobile sector, a key market for its memory chips. The Korean company said it expects a 35% drop in fourth-quarter operating income, far short of estimates, as demand continues to lag.

Investors are focusing on the December consumer inflation reading due Thursday and what it could mean for the chances of easing interest rates. Two Federal Reserve officials on Monday poured cold water on Wall Street’s already fading expectations that a cut could come in the next few months. The idea that inflation is cooling underpins investors’ belief that the US economy will skirt recession. That conviction faces a crucial test on Friday, when big banks kick off the fourth-quarter earnings season.

Oil prices ( CL=F) ( BZ=F) rose just under 2%, recouping some of Monday’s near 4% fall as investors weighed the impact of tensions in the Middle East and Saudi Arabia’s decision to cut crude prices.


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