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Markets Soar to Record Highs as Loonie Rebounds Amid Trade Optimism

North American stock markets kicked off July with a bang, as the TSX, S&P 500, and Nasdaq all closed at record highs  on Monday, buoyed by strong tech performance and renewed optimism around global trade negotiations. The S&P 500 rose 0.52% to 6,204.95 , while the Nasdaq climbed 0.48% to 20,369.73 , both notching fresh all-time highs. The Dow Jones Industrial Average added 275 points , closing at 44,094.77. Canada’s TSX Composite Index also surged , reflecting investor confidence in the domestic economy and easing geopolitical tensions. Driving the rally were heavyweight tech stocks like Nvidia, Meta, and Microsoft, which continued to benefit from investor enthusiasm around artificial intelligence and digital transformation. The momentum was further supported by Canada’s decision to scrap its digital services tax, a move seen as a goodwill gesture to advance trade talks with the U.S.. Meanwhile, the Canadian dollar (loonie) rebounded  from last week’s dip, recovering g...
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Toronto Shooting: Police Hunt for Three Suspects After Deadly Attack

 

Toronto police are searching for three suspects following a shooting that left one man dead and five others injured in the city's North York area on Tuesday evening. The incident occurred near Yorkdale Shopping Centre, where the suspects approached a group of people and opened fire before fleeing the scene.

Authorities have identified the deceased as a 31-year-old man who was in a wheelchair at the time of the attack. The five injured victims—ranging in age from 17 to 30—suffered non-life-threatening injuries. 

Police believe the shooting was targeted and are investigating possible gang-related motives. Toronto Police Chief Myron Demkiw assured the public that officers are working diligently to bring those responsible to justice. 

Investigators are urging anyone with information or video footage, including dashcam recordings, to come forward to assist in the case.

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