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...
Macron refuses French PM’s resignation after chaotic election results
In a decisive move following the tumultuous legislative elections, French President Emmanuel Macron has declined the resignation of Prime Minister Gabriel Attal. The decision comes amidst a fragmented election outcome that saw no single party secure a majority, leading to a potential political deadlock.
Macron's refusal is seen as an effort to maintain governmental stability during this critical period, especially with the Paris Olympics on the horizon. The president's request for Attal to stay on reflects a strategic choice to navigate through the legislative impasse and uphold the continuity of governance.
This development marks a significant moment in French politics, as the nation grapples with the implications of a divided parliament and the challenges it poses to future policymaking. The unfolding scenario underscores the complexities of coalition politics and the intricate balance of power within the French political system.
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