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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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Market Retreat: European Turmoil and Tesla’s Pay Package in Focus


US stock futures pulled back on Friday, signaling a retreat from all-time highs as European turmoil rattled nerves and Elon Musk’s pay package win put Tesla (TSLA) center stage. Here are the key points:

  • Dow Jones Industrial Average (YM=F) futures sank about 0.7%, leading the declines.
  • S&P 500 (ES=F) futures shed 0.5%.
  • Contracts on the tech-heavy Nasdaq 100 (NQ=F) were roughly 0.2% lower.

Stocks have been losing steam after the benchmark S&P 500 and Nasdaq Composite nailed record closes for the fourth day in a row, driven by strength in tech stocks. However, questions persist about the breadth of this year’s rally. Investors are closely watching the coming PCE inflation reading, which could impact the Federal Reserve’s interest rate decisions.

Meanwhile, Tesla shares were up around 1% in Friday’s premarket after shareholders re-approved CEO Elon Musk’s $56 billion pay package. Despite opposition from some large investors, 77% of votes were cast in favor, the EV maker said.

Not helping spirits was a slump in European stocks, which were headed for their worst week since October. Investors are concerned about the fallout for markets if the far right makes gains or even wins France’s snap election. Another dose of worry came from the Bank of Japan’s decision to hold off from giving details of its bond-buying cuts until July, a surprise move interpreted as delaying a rate hike.

In individual movers, Adobe (ADBE) shares jumped 15% after an upbeat AI sales projection from the Photoshop maker. Investors are also eyeing political turmoil in France as uncertainty about rate cuts dogs the market.


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