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...
On March 21, 2024, the S&P/TSX composite index achieved a remarkable milestone, closing atnew all-time high. Simultaneously, U.S. markets continued their upward trajectory, setting records of their own.
Key Highlights:
Canadian Market Surge:
- The S&P/TSX composite index gained 41.55 points, reaching 22,087.26. This surpasses its previous record of 22,087.22 set in March 2022.
- Tech and financial stocks played a pivotal role in driving this surge, reflecting investor confidence in these sectors.
U.S. Market Momentum:
- Across the border, U.S. markets also soared:
- The Dow Jones industrial average climbed 306.46 points, closing at 39,818.59.
- The S&P 500 index rose by 30.20 points, reaching 5,254.82.
- The Nasdaq composite surged 97.44 points, closing at 16,466.85.
- Across the border, U.S. markets also soared:
Commodity Prices:
- The Canadian dollar traded at 73.93 cents US, slightly higher than the previous day.
- Crude oil experienced a dip, with the May contract down 91 cents at US$80.36 per barrel.
- Natural gas also declined, with the May contract down four cents at US$1.81 per mmBTU.
- Gold bucked the trend, rising by US$17.40 to US$2,178.40 per ounce.
- Copper remained stable, down just a penny at US$4.05 per pound.
In summary, both Canadian and U.S. markets are riding high, fueled by optimism and robust economic indicators. Investors are closely monitoring developments as we navigate these record-breaking times.
Disclaimer: The information provided is for informational purposes only and does not constitute financial advice. Always consult with a qualified professional before making investment decisions.
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