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...
Conservatives Leverage Singh's Critique in Non-Confidence Motion
In a strategic move, the Conservative Party plans to introduce a non-confidence motion next week, utilizing NDP Leader Jagmeet Singh's own words to challenge the minority Liberal government. The motion quotes Singh's criticism of the Liberals, accusing them of succumbing to corporate greed by ordering binding arbitration in labor disputes involving the nation's largest rail yards.
The proposed motion aims to persuade New Democrats to join forces with the Conservatives, declaring a loss of confidence in Prime Minister Justin Trudeau and his government. If successful, this motion could trigger an immediate election, a scenario the Conservatives are eager to see.
Government House Leader Karina Gould has announced plans to schedule opposition days for both the Conservatives and the NDP next week, providing a platform for this critical motion. The outcome of this political maneuver remains uncertain, as the NDP has previously taken a case-by-case approach to non-confidence votes.
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