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Daily Markets Update: TSX Holds Near Highs as Wall Street Reopens - July 6, 2026

  Monday, July 6, 2026 | Canada's benchmark index closed out last week just shy of a fresh record, and Wall Street is back in action today after Friday's Independence Day holiday closure. Here's everything Canadian investors need to know about global markets this morning. 🇨🇦 Canada: TSX Closes Higher, Just Off Its 52-Week High The S&P/TSX Composite Index closed Friday, July 3 at 35,274.84 , up 308.17 points (+0.88%) . That leaves the index within about 350 points of its 52-week high of 35,629.89, set earlier this summer. Since Canadian markets were closed over the weekend, Friday's print remains the most recent TSX close heading into today's session. The loonie remains under pressure. USD/CAD was trading near 1.421 this morning, keeping the Canadian dollar close to its weakest levels of the past year. Higher-for-longer U.S. rate expectations and softer Canadian growth data have been the main drags, though a pullback in oil prices has also limited support for...
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Canada Post Strike Threatens to Derail Critical Holiday Season for Retailers

 

As the holiday season approaches, a strike by over 55,000 Canada Post workers threatens to disrupt deliveries across the country. The Canadian Union of Postal Workers (CUPW) initiated the strike after failed negotiations with the Crown corporation over wages, working conditions, and other issues.

The timing couldn't be worse for retailers, who rely heavily on timely deliveries during this peak shopping period. With mail and parcels not being processed or delivered, businesses are scrambling to find alternative shipping solutions. Rural and remote communities, which depend solely on Canada Post, are expected to be hit the hardest.

While the strike has caused significant concern, Canada Post has assured that government benefit cheques, such as Old Age Security and the Canada Child Benefit, will still be delivered during the strike. However, the overall impact on retailers and consumers remains uncertain, and the situation is being closely monitored as the holiday season kicks into full gear.

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