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 positive turn of events, US stock futures have nudged higher after the release of a robust jobs report. Here are the key highlights:
March Job Growth: Employers added 303,000 jobs, surpassing economists’ expectations. This impressive growth signals continued strength in the US labor market.
Unemployment Rate: The unemployment rate ticked back down to 3.8%, reflecting a healthy employment landscape.
Wage Growth: Wage growth also met expectations, providing further evidence of economic resilience.
Despite recent market volatility driven by surging oil prices and geopolitical tensions, investors are cautiously optimistic. The Dow Jones Industrial Average futures rose by approximately 0.2%, while S&P 500 futures gained 0.3%. The tech-heavy Nasdaq 100 futures were up by 0.4%.
However, uncertainties persist, with investors closely monitoring economic releases, corporate news, and global events. Oil prices remain near six-month highs due to escalating tensions in the Middle East.
As the market navigates these challenges, the strong jobs report offers a glimmer of hope for investors. It’s a reminder that economic fundamentals continue to play a crucial role in shaping market sentiment.
Stay tuned for further developments as the trading day unfolds.
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