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 a recent military operation, Israel reportedly used a powerful supersonic missile called “The Rampage” to strike Iran. The attack targeted a military base near the Iranian city of Isfahan. Here are the key details:
The Rampage Missile:
- The missile used in the alleged Israeli attack is a locally-developed air-to-surface weapon known as “The Rampage.”
- Manufactured by Israeli Military Industries Systems and Israel Aerospace Industries, this 4.7-meter (15-foot) rocket weighs over half a ton.
- Designed to penetrate and destroy protected areas, such as bunkers, The Rampage poses a significant threat to ground targets.
Supersonic Speed:
- The Rampage missile can travel at supersonic speed, making it difficult to detect and intercept using air defense systems like the Iron Dome.
- Its high velocity enhances its effectiveness in striking military bases and other strategic locations.
Escaping Radar Detection:
- The missile’s advanced technology allows it to evade Iran’s radar systems, as demonstrated in the recent attack near the Natanz nuclear site.
- Israeli officials have suggested that this move was “calibrated to make Iran think twice” before launching another direct attack on Israel.
While Israel has not officially commented on the strike, the use of The Rampage missile underscores the escalating tensions between Israel and Iran. As the situation continues to evolve, the international community closely monitors developments in the region.
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