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...
World Leaders Gather in Rome to Honor Pope Francis
Rome is witessing an extraordinary convergence of global leaders and dignitaries as they arrive to pay their respects to Pope Francis, who passed away at the age of 88. Among the prominent figures attending the funeral are former U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskyy. The funeral, set to take place in St. Peter's Square, marks the culmination of a week of mourning for the beloved pontiff.
Pope Francis, known for his humility and dedication to the marginalized, has drawn tens of thousands of mourners to St. Peter's Basilica, where his body lay in state. The Vatican has confirmed the attendance of 130 delegations, including 50 heads of state and 10 reigning monarchs, reflecting the global impact of his leadership.
The ceremony will also feature a poignant moment as a group of poor and needy individuals, in line with Francis' values, will pay homage to his coffin. As the world bids farewell to a transformative figure, the conclave to elect his successor is set to begin in early May.
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