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...
Israel Expands Evacuation Orders Following Deadly Strike on Gaza School Shelter
Increased Evacuations in Gaza: The Israeli military has broadened its evacuation orders in southern Gaza after a deadly airstrike on a school-turned-shelter in the north. The strike resulted in the deaths of at least 80 Palestinians, according to local health authorities.
Targeting Militants: Israel stated that the airstrike targeted a militant command post, killing at least 19 fighters. The military has accused Hamas and other militants of using civilian areas to launch attacks.
Humanitarian Crisis: The ongoing conflict has displaced the vast majority of Gaza’s 2.3 million residents, many of whom have sought refuge in overcrowded shelters and tent camps.
Continued Conflict: The war, which began 10 months ago, has led to significant destruction and a staggering humanitarian crisis in Gaza. The Palestinian death toll is nearing 40,000.
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