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5 Things to Know Today: TSX Hits a Fresh High, Gas Prices Ease, and the Fed Decision Looms

  Tuesday, July 28, 2026 — Here's what's moving markets and your wallet today, in five minutes or less. 1. The TSX just posted its best close of the year The S&P/TSX Composite closed Monday at 35,568.14, up 0.56% on the day, as a weekend pause in the US-Iran conflict sparked a relief rally across global markets. It's the third time in a week the index has flirted with record territory. The rally has been broad-based — energy names cooled off as oil retreated, while banks and industrials picked up the slack. What it means for you: If you hold Canadian equity funds in your TFSA or RRSP, this is a good week to check your statement — but resist the urge to chase the rally by moving money in reaction to a single good week. Stick to your regular contribution schedule. 2. Gas prices are finally coming down With Brent crude sliding toward the mid-$80s after the US-Iran truce held over the weekend, pump prices are easing across Ontario after weeks of increases. Regular gas in t...
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Tech Stocks Rally After Inflation Data Shows Improvement

                                            

In a surprising turn of events, tech stocks led a market rally today following better-than-expected inflation data. Here are the key highlights:

  1. Inflation Eases Slightly: Despite persistent concerns about rising prices, the latest data indicates a slight easing of inflationary pressures.

  2. Consumer Price Index (CPI): The Consumer Price Index, a crucial measure of inflation, showed more favorable numbers than anticipated. This development has reinforced expectations that the Federal Reserve may soon cut interest rates.

  3. Tech Stocks Surge: Investors cheered the news, particularly in the tech sector. Companies like Apple, Microsoft, and NVIDIA (NVDA) saw significant gains.

  4. Market Outlook: With inflation under control, market sentiment has improved. The Dow Jones Industrial Average (^DJI) and the Nasdaq Composite (^IXIC) both posted strong gains.

While uncertainties remain, today’s positive data offers hope for investors. Keep an eye on further economic reports this week as the market reacts to changing conditions.






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