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Daily Markets Update: TSX Holds Near Highs as Wall Street Reopens - July 6, 2026

  Monday, July 6, 2026 | Canada's benchmark index closed out last week just shy of a fresh record, and Wall Street is back in action today after Friday's Independence Day holiday closure. Here's everything Canadian investors need to know about global markets this morning. 🇨🇦 Canada: TSX Closes Higher, Just Off Its 52-Week High The S&P/TSX Composite Index closed Friday, July 3 at 35,274.84 , up 308.17 points (+0.88%) . That leaves the index within about 350 points of its 52-week high of 35,629.89, set earlier this summer. Since Canadian markets were closed over the weekend, Friday's print remains the most recent TSX close heading into today's session. The loonie remains under pressure. USD/CAD was trading near 1.421 this morning, keeping the Canadian dollar close to its weakest levels of the past year. Higher-for-longer U.S. rate expectations and softer Canadian growth data have been the main drags, though a pullback in oil prices has also limited support for...
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Trudeau Pledges Military Support and Seized Russian Funds to Ukraine on Invasion Anniversary

On the third anniversary of Russia's invasion of Ukraine, Canadian Prime Minister Justin Trudeau made a significant pledge of support to the embattled nation. During his visit to Kyiv, Trudeau announced that Canada would provide 25 light armoured vehicles to Ukraine, along with $5 billion in funds sourced from seized Russian assets.

Trudeau's visit to Kyiv was part of a larger summit attended by a dozen world leaders, all of whom gathered to show solidarity with Ukraine. In his remarks, Trudeau emphasized that Russia's invasion was an attempt to "erase Ukrainian history and expand their empire". He also highlighted Canada's commitment to helping Ukraine with energy security, as the country continues to face attacks on its power grid by Russian forces.

While Trudeau's speech did not address Ukraine's potential membership in the NATO military alliance, he reiterated the importance of Ukraine having a direct role in any negotiations to end the war. The summit proceeded despite the backdrop of an audible air-defense siren, underscoring the ongoing conflict and the urgency of international support.

This latest pledge from Canada reflects a continued commitment to supporting Ukraine in its fight for sovereignty and stability. Trudeau's visit and the accompanying military and financial aid signal a strong stance against Russian aggression and a dedication to upholding international peace and security.



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