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5 Things to Know Today: July 8, 2026

  Wednesday July 8, 2026  Your quick morning rundown of the Canadian money and markets news that matters — CUSMA's new review clock, the countdown to next week's Bank of Canada decision, a green morning on the TSX, and more. The big picture: Markets are grinding higher on firmer oil prices, CUSMA has shifted into an annual review process instead of a full renewal, and all eyes are turning to the Bank of Canada's July 15 rate announcement. 1. TSX opens higher as oil prices climb Canadian markets are starting the day in the green. The S&P/TSX Composite is up roughly 0.2% to around 35,270, with financials and energy stocks leading gains. Energy names are getting an extra lift after crude oil jumped about 2.7% to just over US$72 a barrel, while the loonie is holding steady near 70.5 cents U.S. 2. CUSMA moves to annual review instead of full renewal The July 1 deadline for Canada, the U.S. and Mexico to agree on a 16-year extension of the Canada-U.S.-Mexico Agreement came a...
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Canada’s Inflation Rate Falls to 2.7% in April Amid Price Growth Slowdown

 

Canada’s annual inflation rate declined to 2.7 per cent in April, down from 2.9 per cent in March. This broad-based deceleration in price growth provides the Bank of Canada (BoC) with a potential “all clear” signal for a June rate cut.

Key Points:

  1. Food Prices, Services, and Durable Goods: The slowdown was led by food prices, services, and durable goods. These sectors experienced a moderation in price increases, contributing to the overall cooling of inflation.

  2. BoC’s Considerations: With inflation easing, the BoC may have more room to maneuver its monetary policy. A rate cut could stimulate economic activity and support recovery.

  3. Market Expectations: Analysts are closely watching the BoC’s next move. If the trend continues, a rate cut in June could be on the horizon.

Implications:

The decline in inflation suggests that the Canadian economy is stabilizing after a period of rapid price increases. While the BoC will carefully assess economic data, the recent cooling of inflation provides an opportunity for policy adjustments.

As always, market participants and consumers should stay informed about central bank decisions and their potential impact on borrowing costs, investments, and overall economic conditions.


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