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Daily Markets Update: TSX Slips as Wall Street Hits Fresh Records Ahead of Bank of Canada Decision

  Tuesday, July 7, 2026 Canadian and U.S. markets pulled in opposite directions to start the week, with the TSX easing back from Friday's record close while the Dow and Nasdaq pushed to fresh highs south of the border. Here's what moved markets on Monday, and what's on deck heading into Tuesday's session. 🇨🇦 TSX: Small Pullback After Record Close The S&P/TSX Composite Index slipped 62.52 points, or 0.18%, to close at 35,212.32 on Monday, giving back a small piece of Friday's record-setting 308-point rally. Healthcare and utilities names led the retreat, while the TSX 60 managed a marginal gain of 0.02% to 2,069.26. The TSX Venture Composite fell further, down 1.50% to 924.21. The pullback comes just ahead of the Bank of Canada's Q2 Business Outlook Survey and Consumer Expectations Survey, both released Monday morning, with markets now firmly focused on the central bank's rate decision on July 15. The policy rate has held at 2.25% through the spring, an...
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Trade Tensions Ignite Challenges for the US Dollar


The US dollar, long perceived as a symbol of strength in the global economy, is finding itself in turbulent waters. Former President Donald Trump's tariff policies, which aimed to reshape international trade dynamics, have inadvertently set off a series of economic ripples. These tariffs, targeting imports from key trading partners, sparked retaliatory measures, creating uncertainty in global markets.

The trade disputes have influenced the value of the US dollar by altering currency flows and investor confidence. While some industries saw temporary benefits from protectionist measures, others faced rising costs and disrupted supply chains, adding pressure on the domestic economy. The international response to these policies has also reshaped alliances and market relationships, further affecting the dollar's global standing.

As countries navigate this complex economic environment, the stability of the US dollar remains a central concern, highlighting the intricate link between trade policies and currency dynamics. The ongoing trade turmoil serves as a reminder of the delicate balance required in global economic strategy.



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