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Global Markets Weekly Wrap: TSX Hits 35,274 as Wall Street and Europe Rally

  Week of June 29 – July 3, 2026 It was a strong week for equities almost everywhere you looked. Canadian, U.S., and European markets all closed higher, with a softer U.S. jobs report cooling rate-hike fears and giving stocks room to run into the long weekend. Here's how Canada, the U.S., and the rest of the world's major markets performed. Canada Index Close Weekly Change S&P/TSX Composite 35,274.84 +294.84 (+0.84%) TSX Venture Composite 938.28 +2.61% (Fri.) Canadian Dollar (CAD/USD) US$0.7043 -0.10% (Fri.) Gold and materials stocks led the TSX higher on the week. Canadian markets were closed Wednesday, July 1 for Canada Day. United States Index Close Weekly Change S&P 500 7,483.24 +1.8% Dow Jones Industrial Average 52,900.07 +2.0% (record high) Nasdaq Composite 25,832.67 +2.1% Figures reflect Thursday, July 2 closing levels; U.S. markets were closed Friday, July 3 for Independence Day (observed). A softer-than-expected June jobs report drove gains by easing fears of f...
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Trump's Remarks Stir Political Debate in Canada


In a recent interview with Fox News, U.S. President Donald Trump made waves by stating that he would prefer dealing with a Liberal government in Canada over a Conservative one. Trump described Conservative leader Pierre Poilievre as "stupidly, no friend of mine," citing negative comments Poilievre has made about him. Trump added that he finds it "easier to deal with a Liberal" and expressed indifference about the outcome of Canada's upcoming federal election.

Poilievre responded to Trump's remarks during a press conference in Sudbury, Ontario, emphasizing his strong leadership and commitment to putting Canada first. He criticized the Liberals, led by Prime Minister Mark Carney, for policies he claims have weakened Canada and driven investment south of the border. Poilievre framed Trump's comments as an endorsement of Carney, suggesting that Trump prefers a weaker Canada under Liberal leadership.

The exchange has sparked significant political discourse, with both parties using Trump's comments to bolster their narratives ahead of the election. The Liberal Party has seen a rise in polls since Carney assumed leadership, while Poilievre continues to position himself as a tough negotiator capable of standing up to Trump.

The remarks highlight the complex dynamics of U.S.-Canada relations and their influence on Canadian politics.

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