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...
Essential Retirement Investing Tips
Start
Early and Be Consistent
When it comes to retirement investing, it's crucial to start
early and be consistent. The power of compounding works wonders over time, so
the earlier you begin investing for retirement, the more time your money has to
grow. Take advantage of retirement accounts such as RRSP that offer tax
advantages and employer matching contributions if available. Set up automatic
contributions from your paycheck to ensure a consistent investment habit.
Remember that even small contributions can make a significant difference over
several decades of investing.
Diversify
Your Investments
Diversification is another key aspect of retirement
investing. Spreading your investments across different asset classes, such as
stocks, bonds, and real estate, can help reduce risk and increase potential
returns. Consider diversifying within each asset class as well. For stocks, for
instance, diversify across different industries and sectors. This way, if one
investment performs poorly, the impact on your overall portfolio may be
mitigated. Regularly review and rebalance your portfolio to maintain
diversification and adjust your asset allocation as you approach retirement to
reduce risk further.
Maintain
a Long-Term Perspective
Finally, it's essential to have a long-term perspective and
avoid making impulsive investment decisions based on short-term market
fluctuations. Market volatility is a natural part of investing, and trying to
time the market consistently is challenging. Instead, focus on your long-term
goals and stick to your investment plan. Consider consulting with a financial
advisor who can provide guidance and help you navigate the complexities of
retirement investing. Regularly assess your progress and adjust your investment
strategy as needed, but avoid making knee-jerk reactions based on temporary
market conditions. Remember, retirement investing is a marathon, not a sprint.
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