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...
Market Surge Continues: Dow, S&P 500, Nasdaq Rally as Bitcoin Hits Record High
The stock market continued its impressive rally today, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all posting gains. Investors remain optimistic following recent economic developments and policy changes.
Key Highlights:
- Dow Jones Industrial Average: Up approximately 0.6%, leading the charge among major indices.
- S&P 500: Increased by 0.3%, continuing its upward trajectory.
- Nasdaq Composite: Also rose by 0.3%, driven by strong performances in the tech sector.
Adding to the market’s exuberance, Bitcoin surged past $82,000 for the first time, reflecting growing confidence in the cryptocurrency market. This milestone comes amid high hopes for a more crypto-friendly regulatory environment.
Investors are now looking ahead to upcoming consumer inflation data, which could provide further insights into the Federal Reserve’s future policy moves. The recent rate cut by the Fed has already fueled market optimism, but concerns about potential inflationary pressures remain.
Overall, the market’s positive momentum shows no signs of slowing down, with both traditional stocks and cryptocurrencies benefiting from the current economic climate.
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