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Daily Markets Update: TSX Closed for Canada Day as Wall Street Notches Best Quarter Since 2020 (July 1, 2026)

  Wednesday, July 1, 2026 — Canada Day Happy Canada Day! The Toronto Stock Exchange, TSX Venture, TSX Alpha and Montréal Exchange are closed today for the holiday and will reopen with regular trading hours tomorrow, Thursday, July 2. South of the border, it's business as usual — and Wall Street closed out the first half of the year in style. Here's your full wrap of Tuesday's close and what's moving in markets this morning. 🇨🇦 TSX Snapshot (Closed for Canada Day) The S&P/TSX Composite booked a modest gain in Tuesday's session — the last day of trading before the holiday — with strength in Healthcare, Clean Technology and IT offsetting softer commodity names. Index Close (Jun 30) Change S&P/TSX Composite 34,858.64 +0.10% Leaders: MDA Ltd (+8.50%), Trekor Metals (+8.19%) and Celestica (+6.15%) led gainers, while Silvercorp Metals (-7.24%), Methanex (-5.47%) and Rogers Communications (-4.63%) lagged. Advancers outpaced decliners 503 to 473 on the day. Looki...
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Canada’s Labour Market Adds 90,000 Jobs in April, Surpassing Predictions

 


In a surprising turn of events, Canada’s labour market exceeded expectations by adding 90,000 jobs in April 2024. This robust growth comes despite earlier predictions of a more modest increase. Economists had anticipated a gain of only 15,000 jobs, but the actual figures far surpassed that estimate.

Here are the key highlights from the latest Labour Force Survey by Statistics Canada:

  1. Employment Growth: The Canadian economy experienced a significant boost, with employment rising by 0.4% in April. This positive trend follows six consecutive monthly declines in employment rates. Core-aged men (25 to 54 years old) and women both contributed to this growth, along with male youth aged 15 to 24.

  2. Part-Time Employment: The surge in employment was primarily driven by part-time jobs, which increased by 50,000 (1.4%) during the same period.

  3. Sector Breakdown: Several sectors saw notable gains. Employment rose in professional, scientific, and technical services (+26,000; +1.3%), accommodation and food services (+24,000; +2.2%), health care and social assistance (+17,000; +0.6%), and natural resources (+7,700; +2.3%). However, utilities experienced a decline (-5,000; -3.1%).

  4. Regional Impact: Ontario, British Columbia, Quebec, and New Brunswick led the way in employment growth. Ontario added 25,000 jobs, while British Columbia saw an increase of 23,000. Quebec and New Brunswick also experienced gains of 19,000 and 7,800 jobs, respectively.

  5. Unemployment Rate: Despite the employment surge, the unemployment rate remained unchanged at 6.1% in April. This stability followed a steady rise over the past year due to high interest rates affecting the economy.

In summary, Canada’s labour market demonstrated resilience and momentum in April, defying earlier projections. The unexpected surge in job creation bodes well for the country’s economic recovery, even amidst challenging circumstances.

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