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Markets Today: TSX Reopens After Canada Day as Global Chip Selloff Hits Asia and Weighs on Wall Street

  July 2, 2026 The Bottom Line: Canadian markets reopen today after the Canada Day holiday, picking up from a Toronto Stock Exchange that closed at a record-adjacent 34,856.99 on Tuesday. U.S. stocks eked out a mixed finish Wednesday as investors trimmed AI-related winners heading into the holiday-shortened week. Overnight, a fresh selloff in semiconductor stocks slammed South Korea's Kospi and spilled into Japan, while oil slid to its lowest level since before the Middle East conflict began. The loonie is holding steady near 1.42 to the U.S. dollar. 🇨🇦 Canada: TSX Reopens Today After Canada Day Closure The Toronto Stock Exchange, TSX Venture Exchange, and Montréal Exchange were closed Wednesday for the Canada Day holiday and resume regular trading hours this morning. The last confirmed close came Tuesday, June 30, when the S&P/TSX Composite Index rose 33.17 points, or 0.10%, to finish at 34,856.99 — a fresh high for the index as investors digested stronger-than-expected Ca...

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Trump Asserts No Cost Limit on Mass Deportation Plan

 

In a recent interview, President-elect Donald Trump reiterated his commitment to a large-scale deportation plan, emphasizing that there would be "no price tag" on the effort to remove millions of undocumented immigrants from the United States. Trump stated that his administration would prioritize making the U.S. border "strong and powerful," and that the cost of the deportations was secondary to the necessity of the action.

Trump's plan, which he described as the "largest deportation effort in American history," aims to target undocumented immigrants involved in criminal activities, including drug lords and murderers. He argued that the deportations are essential for national security and public safety, despite the significant logistical and financial challenges involved.

Critics have raised concerns about the humanitarian and economic impacts of such a sweeping deportation policy. They argue that the removal of millions of immigrants could disrupt industries reliant on undocumented labor and lead to significant economic instability. Additionally, immigrant rights groups are preparing to challenge the plan through legal battles.

As Trump prepares to take office, the debate over his immigration policies continues to intensify, with both supporters and opponents gearing up for what promises to be a contentious issue in the coming months

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