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...
High-Tech Drone Detection System Deployed in New York Amid Mystery Sightings
In response to a series of mysterious drone sightings across the East Coast, U.S. officials have deployed a state-of-the-art drone detection system to New York. Governor Kathy Hochul announced the deployment after drone sightings forced the temporary shutdown of runways at Stewart International Airport last week.
The system, which utilizes advanced 360-degree radar technology, aims to enhance the ability of state and federal law enforcement to monitor and address unauthorized drone activities. The sightings have not only been reported in New York but also in neighboring states such as New Jersey, Pennsylvania, Maryland, and Connecticut.
Homeland Security Secretary Alejandro Mayorkas assured the public that the drones do not pose a national security threat and that the federal government is working closely with state and local authorities to manage the situation. Despite the reassurances, the uptick in drone sightings has raised concerns among residents and prompted calls for more robust measures to address the issue.
Senator Chuck Schumer has urged Congress to pass legislation that would grant local enforcement more power to investigate and counteract drone activities. Meanwhile, New Jersey Senator Andy Kim has been actively engaging with local communities to gather more information about the sightings.
As the investigation continues, authorities remain committed to ensuring the safety and security of the affected regions.
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