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...
- Permanent Ceasefire: Hamas insists on a lasting cessation of hostilities.
- Israeli Troop Withdrawal: The complete withdrawal of Israeli forces from the entire Gaza Strip.
- Return of Displaced Palestinians: Ensuring the safe return of displaced Palestinians to their original areas and places of residence.
- Humanitarian Aid and Reconstruction: Intensifying the entry of relief and aid and commencing the much-needed reconstruction efforts.
Hamas’s readiness to engage in a prisoners-for-hostages swap deal with Israel, involving the release of 133 hostages, underscores the gravity of the situation. However, Israel has already dismissed some of these demands as delusional.
As tensions persist, the region remains on edge, awaiting further developments in this protracted conflict. The stakes are high, and the delicate balance between peace and continued strife hangs in the balance.

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