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...
Wall Street Slightly Lower as Airlines Report Earnings Ahead of GDP Data
Wall Street leaned toward losses before the opening bell today as more earnings poured in while investors awaited the latest data on how the U.S. economy fared in the second quarter. Here are the key highlights:
- S&P 500 Futures: Fell 0.2% before the bell.
- Dow Jones Industrial Average Futures: Close to unchanged.
- Nasdaq: Down 0.3%.
Airlines in Focus:
- Southwest Airlines: Tumbled early after reporting a steep drop in second-quarter profit despite higher revenue. The airline also announced it was doing away with its 50-year-old practice of open seating, opting for assigned seats and premium seating options.
- American Airlines: Also reported earnings, and Wall Street predicts a release of earnings per share.
Additionally, Ford Motor Co. fell more than 13% in premarket trading after reporting a second-quarter net income decline due to rising warranty and recall costs.
Stay tuned for the latest GDP report, which will provide insights into the overall economic performance in Q2. Investors are closely monitoring these developments as market volatility continues.
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