Skip to main content

Featured

5 Things to Know Today: BoC Decision Looms, TSX Sits Near Record Highs

  Saturday, July 11, 2026 Here's what Canadians need to know heading into the week, as markets brace for the Bank of Canada's rate decision and the CUSMA trade file keeps grinding along. 1. The Bank of Canada decides Wednesday, and a hold is all but locked in The Bank of Canada's next rate announcement lands July 15, and virtually every economist on Bay Street expects the overnight rate to stay parked at 2.25% — what would be a sixth straight pause. A stronger-than-expected June jobs report has taken away any urgency to cut, while cooling inflation and lingering trade uncertainty argue against a hike. Expect the accompanying statement to lean on familiar language: steady as she goes. 2. June's jobs report beat expectations, and the jobless rate ticked down Statistics Canada reported employers added roughly 18,000 jobs in June, ahead of forecasts and building on May's much larger 88,000-job gain. The unemployment rate slipped to 6.5%, back to where it stood in Januar...
Post a Comment
Read more

article

Labels

Toronto Stock Exchange’s S&P/TSX Composite Index Reaches Highest Weekly Close in 21 Months

 

The Toronto Stock Exchange’s S&P/TSX composite index ended up 71.82 points, or 0.3%, at 20,990.22, its highest weekly closing level since April 2022. 

The market is being driven higher by technicals, which are very bullish right now, according to Brandon Michael, senior investment analyst at ABC Funds. The Toronto market has posted a series of higher peaks and troughs since October, notching a gain of nearly 12% over that period. The technology sector added to its recent rally on Friday, rising 0.7%. Energy rose 0.6% as oil settled 0.9% higher at $72.68 a barrel following overnight air and sea strikes by the U.S. and Britain on Houthi targets in Yemen. The materials sector, which includes precious and base metals miners and fertilizer companies, was up 1.6% as the price of gold benefited from safe-haven buying and the prospect of Federal Reserve interest rate cuts. 

The title of this article could be “Toronto Stock Exchange’s S&P/TSX Composite Index Reaches Highest Weekly Close in 21 Months”.

Labels:

Comments

Post a Comment