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: 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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