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5 Things to Know Today: TSX Recap, Oil Eases, Loonie Under Pressure & Alberta's Pipeline Announcement (July 3, 2026)

  Friday, July 3, 2026 Here's what's moving markets and your money this morning — from Bay Street to the pumps to Ottawa. 1. TSX gains as investors digest a mixed session The S&P/TSX Composite closed up 0.31% on Thursday at 34,966.67 points (+109.68), its first full trading day back after the Canada Day holiday. Financials were mixed — Brookfield edged higher while TD Bank slipped nearly 1% — but mining stocks got a lift as gold prices ticked up, with Barrick and Franco-Nevada both up more than 3%. Shopify was the standout, jumping over 5% after settling a dispute with Shopline. 2. Oil prices ease as Iran-US talks continue in Doha Crude prices pulled back further and are now trading closer to pre-conflict levels after another round of indirect US-Iran talks in Doha, even though the sides didn't reach a breakthrough. That's welcome news for anyone filling up this long weekend, and it's also easing some of the energy-driven inflation pressure that's been compl...
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Yemeni Houthi Rebel Attacks on Ships in the Red Sea Disrupt Global Trade

 

The Yemeni Houthi rebel attacks on ships in the Red Sea have been causing significant disruptions to global trade. The Houthis, who are backed by Iran, have been targeting commercial ships in the region with drones and anti-ship missiles. 

The attacks have escalated since the start of the Israel-Hamas war in October 2023. The Red Sea is a crucial maritime artery for consumer goods and energy supplies, with 40% of Asia-Europe trade normally flowing through the area. The attacks have rerouted most of the trade normally flowing through the Red Sea, delaying shipments and raising transport costs. The impact of the attacks has been felt worldwide, with electric car maker Tesla announcing that it had to shut down its factory outside Berlin due to delays in supply chains.

In response to the growing impact on global trade, the United States and a host of other nations have created a new force to protect ships. The Biden administration has set up a 10-nation naval task force to protect ships traveling along this important route. Some of the world’s largest container shipping companies and oil giant BP have been sending vessels on longer journeys that bypass the Red Sea.


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