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5 Things to Know Today: TSX Recap, Oil Eases, Loonie Under Pressure & Alberta's Pipeline Announcement (July 3, 2026)

  Friday, July 3, 2026 Here's what's moving markets and your money this morning — from Bay Street to the pumps to Ottawa. 1. TSX gains as investors digest a mixed session The S&P/TSX Composite closed up 0.31% on Thursday at 34,966.67 points (+109.68), its first full trading day back after the Canada Day holiday. Financials were mixed — Brookfield edged higher while TD Bank slipped nearly 1% — but mining stocks got a lift as gold prices ticked up, with Barrick and Franco-Nevada both up more than 3%. Shopify was the standout, jumping over 5% after settling a dispute with Shopline. 2. Oil prices ease as Iran-US talks continue in Doha Crude prices pulled back further and are now trading closer to pre-conflict levels after another round of indirect US-Iran talks in Doha, even though the sides didn't reach a breakthrough. That's welcome news for anyone filling up this long weekend, and it's also easing some of the energy-driven inflation pressure that's been compl...
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Israel’s Determination Amidst US Arms Embargo Threat

Israeli Prime Minister Benjamin Netanyahu has asserted Israel’s readiness to “stand alone” in the face of a potential US arms embargo. The stern declaration comes as tensions escalate in Rafah, Gaza, where Israeli forces are poised for a possible full-scale invasion to combat Hamas militants.

  • Defiant Stance: Netanyahu evoked the spirit of the 1948 War of Independence, emphasizing Israel’s historical resilience and capability to triumph despite arms embargoes and overwhelming odds.
  • US Warning: President Joe Biden has threatened to withhold critical military supplies, including artillery shells, if Israel proceeds with an invasion of Rafah, citing concerns over civilian casualties.
  • Humanitarian Crisis: The UN reports over 80,000 people have fled Rafah amidst continuous bombardment, with essential supplies like food and fuel dwindling for those remaining.
  • Continued Conflict: Despite peace talks faltering and the US’s stance, Israel maintains that victory over Hamas is unattainable without taking Rafah, underlining the ongoing seven-month war’s complexity.

Netanyahu’s remarks underscore a pivotal moment in Israeli-US relations, as Israel weighs its strategic options against the backdrop of international scrutiny and humanitarian considerations.

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