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Weekly Market Snapshot: TSX Near Records, Loonie Rebounds Ahead of BoC Decision

Week Ending Friday, July 10, 2026 It was a solid week for Canadian and U.S. equities, with the TSX flirting with record territory and Wall Street stringing together its fourth straight winning week. The loonie finally caught a break after a rough stretch, and overseas markets in Asia were the standout performers. Here's everything you need to know before the Bank of Canada's rate decision on July 15. 🇨🇦 Canada: TSX Near Record Highs The S&P/TSX Composite closed the week at 35,305.31 , up 104.86 points (+0.30%) on Friday alone, and near record levels after a strong two-day run. The gains were broad-based: Consumer stocks led Friday's advance. Financials were mixed to higher, with RBC, TD, and BMO all posting modest gains earlier in the week. Mining and gold names (Barrick, Agnico Eagle, Wheaton Precious Metals) pulled back slightly as gold prices eased off recent highs. Tech got a lift from the SK Hynix Nasdaq debut (more below), with Shopify and Constellation Sof...
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Stock Market Today: Dow, S&P 500, Nasdaq Rebound Amid China Tariff Retaliation and New Jobs Data

                                    

US stocks rebounded on Tuesday as investors assessed China's swift retaliation to the latest US tariffs and digested fresh jobs data. The Dow Jones Industrial Average rose by 0.2%, while the S&P 500 gained 0.7%, and the tech-heavy Nasdaq Composite jumped 1.2%.

China responded to the new 10% tariffs imposed by the US with tariffs of its own on US coal, liquified natural gas, crude oil, farm equipment, and some autos. Despite the escalating trade tensions, some analysts see China's measured response as a potential opening for compromise.

Meanwhile, job openings in the US declined more than expected in December, adding to concerns about the labor market's cooling trend. Investors are closely watching these developments as the Federal Reserve considers future interest rate cuts amid ongoing inflation concerns.

Tech stocks led the gains, with Alphabet (Google) shares rising nearly 2% ahead of its fourth-quarter earnings report. Vaccine stocks, however, fell after Robert F. Kennedy Jr.'s nomination to lead the Health and Human Services Department advanced to the Senate.

Overall, the market's positive reaction suggests cautious optimism as traders navigate the complexities of trade relations and economic data.



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