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...
On Monday, a momentous event will unfold in the annals of American justice: Donald Trump, the 45th President of the United States, will face trial on criminal charges. This unprecedented trial marks the first time a former U.S. president has been indicted, and its implications are far-reaching.
The Charges
The case centers around alleged hush money payments made to adult film actor Stormy Daniels just before the 2016 presidential election. Trump is accused of falsifying business records to conceal a $130,000 payment to Daniels, facilitated by his then-attorney Michael Cohen. The charges include 34 counts related to these financial transactions.
The Context
While paying hush money itself is not illegal, Trump’s actions go beyond mere financial transactions. Prosecutors argue that he deliberately made false entries in financial records to cover up crimes related to the 2016 election. These alleged violations include violating New York election law and exceeding federal campaign contribution limits.
The Trial
Jury selection begins on April 15, and Manhattan District Attorney Alvin Bragg will lead the prosecution. The trial will delve into the intricacies of business records, campaign finance laws, and the intent behind Trump’s actions. As the courtroom drama unfolds, the eyes of the nation will be on this historic event.
The Bigger Picture
Beyond the legal proceedings, this trial carries immense political weight. Trump, now in a fierce 2024 election rematch against incumbent President Joe Biden, seeks to return to the White House. The outcome of this trial could significantly impact his political future and shape the course of American democracy.
In the coming days, as the trial unfolds, the world will witness a pivotal moment in U.S. history. Whether Trump’s actions were criminal or merely unorthodox remains to be seen, but the trial itself is a testament to the enduring strength of the American legal system. Stay tuned for updates as this historic chapter plays out in the heart of Manhattan’s courtrooms.
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