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...
The decision follows a successful pilot program and consultations that began in 2019. It also aligns Ontario’s speed limits with those in other Canadian provinces, making for a more uniform driving experience across the country. The government assures that the highways were originally designed to safely accommodate the new speed limits, and data from the 2022 changes support this claim.
While the speed limit increase is welcomed by many for its promise of a more convenient commute, it does not alter the threshold for stunt driving charges. In Ontario, speeds exceeding 50 km/h above the posted limit can lead to such charges, and with the new changes, 150 km/h remains the cutoff.
As Ontario prepares for this shift, drivers are reminded to adjust their habits accordingly and enjoy the benefits of a faster, yet safe, journey on the province’s highways.
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