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...
Canada’s Inflation Eases to 2.3% in March, but Core Pressures Persist
Canada’s annual inflation rate unexpectedly slowed to 2.3% in March down from 2.6% in February, according to Statistics Canada. The decline was largely driven by lower gasoline and travel costs, which helped offset rising prices in other sectors.
Despite the overall slowdown, core inflation measures remained elevated, signaling persistent underlying price pressures. The CPI-median, which tracks the central trend of price changes, held steady at 2.9%, while the CPI-trim, which excludes extreme price fluctuations, edged down slightly to 2.8%.
The inflation report comes just ahead of the Bank of Canada’s monetary policy decision, scheduled for Wednesday. Analysts are closely watching whether the central bank will adjust interest rates in response to the latest data.
Comments
Post a Comment