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...
Israeli Airstrike Eliminates Senior Hezbollah Commander in Southern Lebanon
In a significant escalation of hostilities, an Israeli airstrike has killed a high-ranking commander in Hezbollah’s elite Radwan forces, according to security sources. The commander, identified as Habib Maatouk, was targeted in southern Lebanon on Thursday.
Maatouk had recently assumed his position following the death of his predecessor, Ali Ahmed Hassin, who was also killed in an Israeli strike earlier this year. The latest attack is part of ongoing tit-for-tat violence between Israel and Hezbollah, which has intensified since October 2023 when Hezbollah declared a “support front” with Palestinians following a major Hamas attack on southern Israel.
The airstrike hit the border villages of Safad El Batikh and Jmaijmeh, resulting in multiple casualties. Eighteen wounded individuals were taken to Tebnin government hospital, with two reported in critical condition. The conflict has led to significant destruction in Lebanese border towns, reminiscent of the 2006 Israel-Lebanon war.
This incident underscores the fragile and volatile nature of the region, with both sides continuing to engage in aggressive military actions. The international community remains concerned about the potential for further escalation and the humanitarian impact on civilians caught in the crossfire.
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