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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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Hogue Inquiry Reveals 'Problematic' Conduct Among Parliamentarians

 

The Hogue inquiry has concluded that while some parliamentarians exhibited "problematic" conduct, none were found to have committed treason. The inquiry, led by Commissioner Marie-Josée Hogue, was established to investigate allegations of foreign interference in Canadian elections. The final report, released today, provides recommendations on how federal agencies can better protect against such meddling.

The inquiry's findings come amid a federal Liberal leadership race and the possibility of a national election in the near future. The report highlights the need for improved information sharing among federal agencies and better protection for vulnerable communities from transnational repression.

In an interim report issued last May, Hogue stated that interference by foreign entities did not affect the overall results of the last two general elections. However, the final report acknowledges that some parliamentarians were "semi-witting or witting" participants in foreign interference efforts.

The inquiry's recommendations aim to bolster election integrity and ensure that Canadian democratic processes remain robust and secure. Commissioner Hogue emphasized the importance of transparency and accountability in addressing these issues, while also noting that some information cannot be disclosed publicly due to national security concerns.

The release of the Hogue inquiry's final report marks a significant step in addressing foreign interference in Canadian politics and safeguarding the nation's democratic institutions.


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