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...
In the ever-evolving landscape of business and finance, several key events have recently unfolded. Below are three significant developments:
1. Retail Sales Fall
The retail sector faced headwinds as Sabre Corporation, a technology services provider to the travel industry, reported a loss of $96.5 million in its fourth quarter. Despite exceeding Wall Street expectations in terms of adjusted losses, the company’s revenue of $687.1 million fell short of forecasts. As consumer behavior continues to shift, retailers must adapt to changing market dynamics.
2. Cisco’s Workforce Restructuring
Cisco, a network giant, is embarking on a strategic overhaul. The company plans to lay off thousands of employees as it redirects its focus toward high-growth areas. This move underscores the need for agility and adaptability in the tech industry, where innovation and efficiency drive success.
3. Fast Food Earnings
In the fast-food arena, Restaurant Brands International (RBI) delivered better-than-expected results. Fueled by robust sales at Tim Hortons, RBI reported fourth-quarter net income of $508 million, up significantly from the previous year. Adjusted earnings per share stood at 75 cents, beating analysts’ estimates. The company’s net sales rose by 8%, reaching $1.82 billion. As the fast-food industry continues to thrive, investors closely monitor the performance of major chains.
In summary, these developments offer insights into the broader economic landscape. Retailers, tech companies, and fast-food chains must navigate challenges and seize opportunities to remain competitive in an ever-changing world.
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