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...
Opening statements began today in the historic criminal trial of former U.S. President Donald Trump. The trial centers around allegations of hush money payments made to adult film star Stormy Daniels ahead of the 2016 presidential election. Here are the key details:
The Charges
Donald Trump faces 34 felony counts related to falsifying business records to conceal a $130,000 payment to Stormy Daniels. The payment was allegedly made to keep her silent about an extramarital affair with Trump.
Opening Statements
Attorneys for both the prosecution and defense delivered their opening statements. The courtroom was filled with anticipation as the trial commenced. Trump, the presumptive 2024 Republican nominee, has consistently maintained his innocence, denying any sexual relationship with Daniels.
David Pecker’s Testimony
The prosecution called David Pecker, the former publisher of the National Enquirer, as their first witness. Pecker’s testimony was cut short due to the Passover holiday and an alternate juror’s dentist appointment. The trial adjourned for the day, but Pecker is expected to continue testifying tomorrow.
Transparency Measures
In an unprecedented move, the New York court system will release daily transcripts of the trial to the public. Chief Administrative Judge Joseph Zayas and First Deputy Chief Administrative Judge Norman St. George made this decision to ensure broad and continuous access to this high-profile case.
As the trial unfolds, the fate of the former president rests in the hands of an anonymous panel of 12 Manhattan residents. Their verdict will determine whether Trump is guilty of the charges brought by Manhattan District Attorney Alvin Bragg.
Stay tuned for further updates as the trial continues.
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