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5 Things to Know Today: July 7, 2026

July 7, 2026 Your quick morning rundown of the market and money news shaping Canadians' wallets today. 1. TSX Hovers Near Record Territory After Gold-Led Rally The S&P/TSX Composite closed at a record high of 35,274.84 on Friday, a gain of 0.88%, powered by a surge in gold mining stocks. The index has stayed close to that record through the start of this week as bullion prices remain elevated. For Canadian investors, especially anyone holding TSX-tracking ETFs in an RRSP or TFSA, the rally has been broad-based across financials and materials, though gains have leaned heavily on gold and mining names rather than the whole market. 2. Gold Steadies Near $4,150 US After a Volatile Start to the Week Gold is holding around US$4,150 an ounce as investors await Wednesday's Federal Reserve meeting minutes. The metal's strength traces back to Friday's much weaker-than-expected US jobs report, which cooled bets on a near-term Fed rate hike. For Canadians, gold's resilien...
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Stock Market Today: World Shares Mostly Advance After Wall St Comeback from Worst Loss Since 2022

Shares were mostly higher in Asia and Europe on Friday following a patchy comeback by Wall Street from its worst loss since 2022. Here are the key highlights:

  • Asia:
    • Tokyo: The Nikkei 225 index initially gained but later slipped 0.5% to 37,667.41. Tokyo’s core consumer price index rose 2.2% in July, adding to expectations that the Bank of Japan may raise its near-zero benchmark interest rate.
    • Hong Kong: The Hang Seng edged 0.2% higher.
    • Shanghai: The Composite index edged 0.1% lower.
    • Seoul: The Kospi surged 0.9%.
    • Taiwan: The Taiex sank 3.3% after reopening following a typhoon-related closure.
  • Europe:
    • Germany: The DAX edged 0.2% higher.
    • France: The CAC 40 rose 0.8%.
  • U.S. Futures and Oil Prices:
    • U.S. futures and oil prices also saw gains.

The split performance on Wall Street saw general stocks and other previously downtrodden areas rise, while Big Tech stocks gave back some of their recent gains. Overall, markets remain volatile, influenced by global economic conditions and investor sentiment.

Remember to stay informed and consider professional advice when making investment decisions. 


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