Skip to main content

Featured

Daily Markets Update: TSX Slips as Wall Street Hits Fresh Records Ahead of Bank of Canada Decision

  Tuesday, July 7, 2026 Canadian and U.S. markets pulled in opposite directions to start the week, with the TSX easing back from Friday's record close while the Dow and Nasdaq pushed to fresh highs south of the border. Here's what moved markets on Monday, and what's on deck heading into Tuesday's session. 🇨🇦 TSX: Small Pullback After Record Close The S&P/TSX Composite Index slipped 62.52 points, or 0.18%, to close at 35,212.32 on Monday, giving back a small piece of Friday's record-setting 308-point rally. Healthcare and utilities names led the retreat, while the TSX 60 managed a marginal gain of 0.02% to 2,069.26. The TSX Venture Composite fell further, down 1.50% to 924.21. The pullback comes just ahead of the Bank of Canada's Q2 Business Outlook Survey and Consumer Expectations Survey, both released Monday morning, with markets now firmly focused on the central bank's rate decision on July 15. The policy rate has held at 2.25% through the spring, an...
Post a Comment
Read more

article

Labels

TSX Futures Plunge Amid Global Market Sell-Off

 

Futures for Canada’s main stock index, the S&P/TSX, fell sharply on Friday as investors braced for crucial U.S. payrolls data amidst a global market downturn. The September futures on the S&P/TSX index were down 1.0% early in the morning.

The decline follows weaker-than-expected factory data from the U.S. on Thursday, which heightened fears of an economic slowdown and negatively impacted investor sentiment worldwide. Additionally, disappointing earnings reports from major tech companies like Intel and Amazon.com contributed to a sell-off in tech shares across markets.

Despite the overall downturn, an uptick in commodity prices helped limit the declines. Oil prices saw a slight increase, and gold was poised for its biggest weekly jump in four months.

Investors are keenly awaiting the U.S. non-farm payrolls data, expected to provide further insights into the state of the American economy. The Toronto Stock Exchange’s S&P/TSX composite index had ended 1.7% lower on Thursday, marking its biggest daily decline since February.

Labels:

Comments

Post a Comment