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TSX Near Record Highs, Wall Street Rallies Into the Weekend Ahead of Bank of Canada Decision

    Monday, July 13, 2026 Canadian and U.S. markets closed out last week on a strong note, with the TSX inching closer to record territory on the back of a surprisingly strong jobs report and Wall Street extending its rally as a blockbuster IPO stole the spotlight. Here's everything Canadian investors need to know heading into a big week that includes Wednesday's Bank of Canada rate decision. Note: Figures below reflect confirmed closing prices from Friday, July 10, 2026, the last completed trading session. Markets were closed over the weekend. 🇨🇦 Canadian Markets S&P/TSX Composite: 35,305.31 ▲ 104.86 (+0.30%) Toronto's benchmark index closed higher for a second straight session, edging closer to record territory after Statistics Canada reported that the economy added 18,200 jobs in June, well ahead of expectations, while the unemployment rate unexpectedly fell to its lowest level in nearly two years. Financials led the way, with RBC, TD, and BMO all posting gains, ...

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China Urges Dialogue Over Trump's Tariff, Avoids Immediate Escalation


Beijing has sharply denounced the Trump administration’s imposition of a 10% tariff on Chinese imports, calling the measure a breach of international trade rules that undermines the global economic order. While the Chinese finance and commerce ministries confirmed plans to challenge the tariff at the World Trade Organization and hinted at taking "countermeasures" to protect national interests, they stopped short of launching an immediate retaliatory strike.

In its measured response, China's foreign ministry underscored that the issue of fentanyl—the potent opioid cited by Washington as justification for the tariff—is fundamentally an American problem. Officials stressed that extensive cooperation in anti-narcotics efforts has already been in place between the two nations, implying that the tariff would not spur a hasty escalation. Instead, Beijing expressed a willingness to engage in frank dialogue with U.S. counterparts in hopes of resolving the dispute through negotiations rather than further confrontation.


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