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...
Tesla Raises Prices in Canada by Up to $9,000 Starting February 1
Tesla Inc. has announced a significant price increase for its vehicles in Canada, effective February 1. The price hike will impact all trims of the Model 3, Model Y, Model S, and Model X. The most substantial increase will be seen in the Model 3, with prices rising by up to $9,000. Other models, including the Model Y, Model S, and Model X, will see increases of up to $4,000.
Tesla has not provided a specific reason for the price increase, but it coincides with the potential imposition of tariffs by the U.S. government. Additionally, the weakening Canadian dollar and higher costs compared to U.S. pricing have been cited as contributing factors.
This price adjustment comes on the heels of an earlier $1,000 increase in January, which pushed the Model 3 and Model Y out of eligibility for federal electric vehicle incentives. With the federal iZEV rebate program also running out of funds, the cost of purchasing a new Tesla in Canada is set to rise even further.
Tesla enthusiasts and potential buyers are now faced with higher price tags, raising questions about the affordability and demand for electric vehicles in the Canadian market.
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