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Markets Today: TSX Extends Gains as Oil Tops $80, Nikkei Slides on Chip Selloff — July 16, 2026

  Thursday, July 16, 2026 A calm reaction to the Bank of Canada's rate hold gave way to a jumpier morning overseas, as surging oil prices and a semiconductor selloff in Tokyo set the tone for markets heading into Thursday's session. The Quick Take TSX closed Wednesday up 95.66 points at 35,416.20, shrugging off a "muted" reaction to the BoC's sixth straight rate hold at 2.25% Wall Street's three major indexes all finished higher Wednesday; futures are mixed to slightly lower Thursday morning Oil is above $80 US a barrel, up more than 11% over four sessions, as U.S. strikes on Iran continue near the Strait of Hormuz Japan's Nikkei fell 2.6% overnight on a chip-stock selloff; European markets are mixed this morning The loonie sits at 71.18 cents US, a touch firmer than Tuesday 🇨🇦 Canadian Markets The S&P/TSX Composite climbed 95.66 points Wednesday to close at 35,416.20, with strength in financials offsetting weakness in basic materials and technology ...
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How to Boost Your Income in a Tough Economy


Many Canadians are feeling the pinch of the rising cost of living, and cutting expenses may not be enough to make ends meet. Financial experts say that increasing your income is a better strategy than slashing your budget to the bone.

Here are some ways to boost your income according to experts:

1.  Negotiating a higher salary at your current job is a good first step. Do your research on the market value of your skills and achievements, and being prepared to make your case for a raise.

2. Diversifying your income sources by selling your unwanted items, renting out your space or possessions, or starting a side hustle. However,  these options may require trade-offs in terms of time or privacy.

Many professionals in this field agree that boosting your income is more effective than cutting your expenses in the long run. You should be looking for opportunities to use your skills, hobbies, or passions to generate extra income, while being mindful of the tax implications.

Also seeking professional advise if you are struggling with debt or budgeting, as there may be solutions that you are not aware of. Increasing your income can help you achieve your financial goals and improve your quality of life.

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