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...
Record Heat Wave Sweeps US Northeast: NYC to Reach 98°F
New York and the rest of the US Northeast are about to experience scorching temperatures due to a record-breaking heat wave. Here are the key points:
Heat Wave Intensity:
- Manhattan’s Central Park is expected to reach 98°F (37°C) by Friday, according to the National Weather Service.
- The worst of the heat will impact the Midwest, upstate New York, and New England before descending on New York City and Washington.
Implications:
- The heat wave will boost electricity demand and raise health risks.
- Commuters may face challenges due to the extreme weather conditions.
- Heat-related illnesses are a concern, and New York Governor Kathy Hochul has warned residents about the severity of the heat wave.
Regional Impact:
- Over 120 daily high temperature records may be broken or tied across the US, with the majority in the Midwest, Mid-Atlantic, and New England.
- New England is likely to experience the most intense heat, with Concord, New Hampshire, possibly reaching 101°F on Thursday.
- The heat will also extend into Canada, affecting cities like Montreal and Toronto.
Weather Pattern:
- A large high-pressure system over the eastern US will trap the heat, intensifying the conditions.
- While New England may see some relief later in the week, New York and Washington will likely remain hot.
In summary, stay prepared for extreme heat, take necessary precautions, and stay hydrated during this intense weather event.
Comments
Post a Comment