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...
Stock Market Today: US Futures Steady Ahead of Pivotal Week on Wall Street
Certainly! Here’s a brief article on today’s stock market activity and what lies ahead on Wall Street:
US stock futures remained relatively unchanged on Monday as investors braced themselves for a critical week marked by key economic data releases and pivotal events. Here’s a snapshot of what’s happening:
1. Federal Reserve Decision and Inflation Data Awaited
Investors are closely monitoring the Federal Reserve’s policy decision and May’s Consumer Price Index (CPI) inflation reading, both scheduled for Wednesday. These reports will provide crucial insights into the state of the economy and may impact market sentiment.
2. Nvidia’s Stock Split and Apple’s Developer Conference
Today, all eyes are on Nvidia (NVDA) as it undergoes a 10-for-1 stock split. Retail buyers are expected to flood in, potentially causing volatility. Meanwhile, Apple’s highly anticipated developers conference kicks off, where CEO Tim Cook is expected to unveil the company’s AI initiatives to catch up with rivals.
3. European Political Upsets Add to Uncertainty
France’s President Macron called a snap national election after a far-right trouncing in Sunday’s EU-wide vote. Germany’s leader also suffered a crushing defeat. Investors are keeping a watchful eye on potential fallout from these political developments.
4. Market Expectations and Outlook
Trader expectations for a rate cut in September have decreased, while those for November have risen. The Fed’s next rate decision will be closely watched. Despite signs of strength in the labor market, bets remain that interest rates will stay at a two-decade high for longer.
Conclusion
As Wall Street gears up for a pivotal week, the stock market remains in a delicate balance. Investors should stay informed and prepared for potential market-moving events.
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