Published July 5, 2026 Your morning rundown on the Canadian economy, markets, and money moves — TSX hits a record close, CUSMA talks roll past the deadline, the first CGEB payment lands, and what to expect ahead of the Bank of Canada's July 15 decision. 1. TSX closes at a record high on gold-miner strength The S&P/TSX Composite climbed 0.9% to close at a record 35,275 on Friday, July 3, powered by gold mining stocks. Gold prices firmed after U.S. nonfarm payrolls for June came in at roughly half the expected pace, fuelling bets that the Federal Reserve could turn more dovish. Agnico Eagle, Wheaton Precious Metals, and Barrick all posted solid gains, while financials like Scotiabank and BMO also moved higher on easing oil-supply concerns. Why it matters: if you hold Canadian equity index funds in your TFSA or RRSP, resource and financial-sector strength has been doing a lot of the heavy lifting this year — worth knowing if your portfolio feels more concentrated than you'd...
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.
Comments
Post a Comment