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5 Things to Know Today: TSX Recap, Oil Eases, Loonie Under Pressure & Alberta's Pipeline Announcement (July 3, 2026)

  Friday, July 3, 2026 Here's what's moving markets and your money this morning — from Bay Street to the pumps to Ottawa. 1. TSX gains as investors digest a mixed session The S&P/TSX Composite closed up 0.31% on Thursday at 34,966.67 points (+109.68), its first full trading day back after the Canada Day holiday. Financials were mixed — Brookfield edged higher while TD Bank slipped nearly 1% — but mining stocks got a lift as gold prices ticked up, with Barrick and Franco-Nevada both up more than 3%. Shopify was the standout, jumping over 5% after settling a dispute with Shopline. 2. Oil prices ease as Iran-US talks continue in Doha Crude prices pulled back further and are now trading closer to pre-conflict levels after another round of indirect US-Iran talks in Doha, even though the sides didn't reach a breakthrough. That's welcome news for anyone filling up this long weekend, and it's also easing some of the energy-driven inflation pressure that's been compl...

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A New Chapter Begins: Prince Rahim Al-Hussaini Ascends as Aga Khan V

 


Prince Rahim Al-Hussaini has been designated the 50th hereditary Imam of the Nizari Ismaili Muslims, marking a historic transition for the community of approximately 12–15 million followers worldwide. Following the unsealing of the late Prince Karim Aga Khan IV’s will after his passing at age 88 in Lisbon, Rahim—now Aga Khan V—steps into his father’s formidable legacy of spiritual leadership and global development.

Born on October 12, 1971, in Geneva, Switzerland, Rahim was educated in the United States, graduating from Brown University with a degree in comparative literature before furthering his studies in management and administration in Barcelona. His longstanding involvement with the Aga Khan Development Network (AKDN) has seen him serve on multiple boards and chair the Environment and Climate Committee. This role underlines his commitment to addressing pressing challenges such as climate change and poverty alleviation, priorities that were central to his father’s philanthropic vision.

As the community embarks on this new era, followers and leaders alike anticipate that Prince Rahim’s leadership will continue the 1,400-year tradition of a living Imam—a figure both revered for his spiritual guidance and entrusted with significant social and economic responsibilities. Global leaders and institutions have already expressed their condolences and confidence in the new Imam’s ability to uphold the values of peace, compassion, and sustainable development.

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