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...
Israel Accused of Using White Phosphorus on Residential Buildings in Lebanon
A global human rights group has accused Israel of using white phosphorus incendiary shells on residential buildings in at least five towns and villages in conflict-hit southern Lebanon. The report, published by Human Rights Watch (HRW), raises concerns about potential harm to civilians and violations of international law.
White phosphorus is a controversial substance that can set buildings on fire and burn human flesh down to the bone. Survivors face risks of infections and organ or respiratory failure, even from small burns. While Israel maintains that it uses white phosphorus only as a smokescreen and not to target civilians, the evidence suggests otherwise.
The HRW report includes interviews with residents in conflict-hit southern Lebanon and verifies images showing white phosphorus shells landing on residential buildings. The Lebanese Health Ministry reports that at least 173 people have required medical care after exposure to white phosphorus.
This recent use of white phosphorus in Lebanon should prompt other countries to take action. HRW calls on the Lebanese government to allow the International Criminal Court to investigate and prosecute “grave international crimes” within Lebanon since October 2023.
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