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...
Israel Successfully Intercepts Houthi Missile from Yemen
The Israeli Defense Forces (IDF) successfully intercepted a ballistic missile launched by Yemen's Iran-backed Houthi rebels late Monday night. The missile was intercepted before it entered Israeli airspace, triggering sirens across central Israel. Fortunately, there were no reports of casualties or major damage.
The Houthi rebels have been launching missiles and drones at Israel since the start of the war in Gaza on October 7, 2023, claiming solidarity with Palestinians. This recent attack is part of a series of missile launches aimed at Israel, with the Houthis vowing to continue their assaults until the Gaza conflict ends.
In response to the missile launch, Israel conducted retaliatory strikes targeting Houthi infrastructure, including the Sanaa International Airport and power stations. The United States and the United Kingdom have also conducted strikes against Houthi targets in the Red Sea area.
The situation remains tense as both sides continue their attacks, raising concerns about the potential for further escalation in the region.
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