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...
Wildfire Reaches Athens’ Outskirts, Prompting Evacuations
A fast-moving wildfire, driven by gale-force winds, has spread to the edge of Athens, Greece, torching trees, houses, and cars. The blaze has forced the evacuation of several hospitals and numerous towns and villages.
Key Points:
- Firefighting Efforts: Over 670 firefighters, supported by volunteers, 183 fire engines, and 32 waterbombing planes and helicopters, are battling the fire.
- Evacuations: At least 250 people have been evacuated, with some spending the night in shelters.
- Weather Conditions: Strong winds and high temperatures are exacerbating the situation, with flames reaching heights of 25 meters (82 feet).
- Government Response: Prime Minister Kyriakos Mitsotakis has returned from a holiday to oversee the response, recalling the devastating 2018 fire in Mati.
The situation remains critical as authorities continue to combat the blaze and protect residents.
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