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...
Southern Ontario Braces for Major Snowstorm: 25-35+ cm Expected
Southern Ontario is gearing up for a significant winter storm expected to hit the region on Sunday. The storm is forecasted to bring 25-35+ cm of snow, creating dangerous conditions and significant travel disruptions.
The storm, originating from a Colorado low, will tap into Gulf moisture as it moves just south of the Great Lakes. This will place southern Ontario in the ideal position for widespread heavy snowfall beginning before dawn and lasting through much of the day.
Easterly winds will gradually strengthen, leading to low visibility and tough travel conditions. Snowfall rates of 1-3 cm per hour, combined with winds of 30-40 km/h, will create near-whiteout conditions at times.
Residents are advised to avoid non-essential travel and stay up-to-date on local weather alerts. If travel is necessary, ensure your vehicle is prepared for hazardous conditions and check the latest highway conditions before heading out.
The heaviest snowfall is expected in the Greater Toronto and Hamilton Area (GTHA), with totals close to 30 cm by the end of the storm. Light snow will continue into Sunday evening, gradually tapering off from west to east.
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