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...
The Ripple Effect: How Trump's Tariffs Are Reshaping the Global Economy
The global economy is starting to feel the weight of tariffs imposed during Donald Trump's presidency. These trade barriers, aimed at protecting domestic industries, are now causing significant ripple effects across international markets.
The tariffs, initially introduced to boost American manufacturing, have resulted in retaliatory measures from key trading partners. Countries affected by U.S. duties have responded with their own tariffs, leading to disrupted supply chains and increased costs for businesses worldwide. Many industries, from technology to agriculture, are experiencing financial strain as they navigate these new trade hurdles.
For consumers, the impact is also noticeable. Prices on imported goods have risen, forcing households to adjust their spending. Economists warn that prolonged trade tensions could slow global growth, as uncertainty keeps businesses from investing and expanding.
Despite efforts to renegotiate trade deals, the lingering effects of Trump's tariffs remain a challenge. As global markets adapt to these policies, businesses and governments alike must find ways to mitigate their consequences while maintaining economic stability.
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