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...
Cyclone Chido Devastates Mayotte: Death Toll Rises
Cyclone Chido, one of the most powerful storms to hit the region in nearly a century, has caused widespread destruction in the French territory of Mayotte. The cyclone, which brought winds exceeding 220 kph (136 mph), has resulted in a devastating death toll, with current estimates ranging from several hundred to potentially thousands.
The French Interior Ministry confirmed at least 11 deaths, but officials warn that this number is expected to rise significantly as rescue efforts continue. The cyclone has also left hundreds injured and caused extensive damage to infrastructure, including the main hospital and airport.
Mayotte, already one of France's poorest territories, has been severely impacted, with entire neighborhoods flattened and many residents left without shelter. The French government has mobilized rescue teams and supplies from nearby territories to assist in the recovery efforts.
As the world watches, the full extent of the damage and loss of life caused by Cyclone Chido continues to unfold. The international community has expressed solidarity and offered support to the people of Mayotte during this difficult time.
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