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Daily Markets Update: TSX Holds Near Highs as Wall Street Reopens - July 6, 2026

  Monday, July 6, 2026 | Canada's benchmark index closed out last week just shy of a fresh record, and Wall Street is back in action today after Friday's Independence Day holiday closure. Here's everything Canadian investors need to know about global markets this morning. 🇨🇦 Canada: TSX Closes Higher, Just Off Its 52-Week High The S&P/TSX Composite Index closed Friday, July 3 at 35,274.84 , up 308.17 points (+0.88%) . That leaves the index within about 350 points of its 52-week high of 35,629.89, set earlier this summer. Since Canadian markets were closed over the weekend, Friday's print remains the most recent TSX close heading into today's session. The loonie remains under pressure. USD/CAD was trading near 1.421 this morning, keeping the Canadian dollar close to its weakest levels of the past year. Higher-for-longer U.S. rate expectations and softer Canadian growth data have been the main drags, though a pullback in oil prices has also limited support for...
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Arctic Chill and Lake-Effect Snow Squalls Grip Ontario

Ontario is currently experiencing a dangerous Arctic freeze, with lake-effect snow squalls continuing to impact the region. The Arctic airmass has brought bitterly cold temperatures, causing snow squalls off the still-unfrozen Great Lakes. Snow squall watches and warnings are in effect for several areas, with parts of southern Ontario expected to see over 40 cm of snow accumulation through Wednesday.

Extreme cold warnings have been issued for all of northern Ontario, where wind chills as low as -50°C are forecast. These frigid conditions pose a significant risk of frostbite and hypothermia, with temperatures expected to remain below freezing for the next few days.

Residents are advised to bundle up with extra layers, limit outdoor exposure, and be cautious while traveling due to poor visibility and slippery road conditions. Stay safe and warm during this extreme weather event!


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