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...
Asian Stocks Mixed Amid Volatile Yen After Wall Street Climbs on Inflation Report
Global stocks exhibited mixed performance today, with the Japanese yen experiencing fluctuations following the latest U.S. update on inflation. Wall Street’s growing belief in potential relief on interest rates as early as September influenced market dynamics.
Key Points:
Yen Volatility: The yen oscillated between gains and losses, losing some ground against the U.S. dollar. Speculation arose that Japanese authorities might have intervened to amplify the impact of milder U.S. inflation data.
U.S. Futures: S&P 500 and Dow Jones Industrial Average futures edged 0.1% higher, reflecting optimism about interest rate relief.
European Markets: Germany’s DAX rose 0.3%, the CAC 40 in Paris gained 0.8%, and London’s FTSE 100 added 0.4%.
Asian Markets:
- Tokyo’s Nikkei 225 index declined 2.5%.
- Hong Kong’s Hang Seng index climbed 2.6%.
- Shanghai Composite index remained nearly unchanged.
- Australia’s S&P/ASX 200 rose 0.9%.
- South Korea’s Kospi slipped 1.2%.
- Taiwan’s Taiex declined 2%.
Data Releases: Watch for the U.S. producer price index and inflation readings from Germany, France, and Italy later today.
Wall Street: Despite pullbacks for some tech giants, four out of five stocks in the S&P 500 index climbed.
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