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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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Global Energy-Related CO2 Emissions Reach Unprecedented Levels in 2023

 

In a concerning development, global energy-related emissions of carbon dioxide (CO2) surged to a record high last year. The International Energy Agency (IEA) reported that these emissions rose by 410 million tonnes, representing a 1.1% increase, bringing the total to 37.4 billion tonnes.

Several factors contributed to this alarming trend:

  1. Fossil Fuel Use in Drought-Affected Regions: Countries grappling with droughts faced challenges in hydropower production. As a result, they turned to fossil fuels, exacerbating emissions.
  2. China’s Economic Reopening: China’s economy rebounded, leading to increased energy demand and subsequent emissions.
  3. Renewables and Electric Vehicles: While clean technologies like wind, solar, and electric vehicles helped curb emissions growth, other factors offset these gains.

Scientists emphasize that steep cuts in CO2 emissions are essential to meet global climate goals outlined in the Paris Agreement. Without rapid reductions, we risk runaway climate change. The challenge lies in swiftly transitioning away from fossil fuels and embracing sustainable alternatives.

Regional Trends

  • United States: Energy-related emissions fell by 4.1%, primarily driven by reductions in the electricity sector.
  • European Union: Emissions dropped by nearly nine per cent due to increased renewable power generation and decreased coal and gas power.
  • China: Despite contributing significantly to solar, wind, and electric vehicle additions, China’s emissions rose by 5.2% as it recovered from COVID-19-related lockdowns.

Globally, electric vehicles accounted for one in five new car sales in 2023, reaching 14 million—a remarkable 35% increase compared to 2022.

The urgency to address this crisis cannot be overstated. Our collective efforts must focus on sustainable energy sources and innovative solutions to combat climate change. 

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