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Canadian Money Brief: TSX Holds Steady as Wall Street Hits Records, Oil Slides to 5-Month Low

  Friday, July 3, 2026 U.S. markets are closed today for Independence Day (observed, since July 4 falls on a Saturday this year) and reopen Monday, July 6. Here's a recap of Thursday's session in Canada, the U.S., and Europe, plus how Asian and European markets are trading today as they react to Thursday's soft American jobs report. Thursday's Close S&P/TSX Composite 34,966.67 (+109.68, +0.31%) Dow Jones Industrial Average 52,900.07 (+1.14%, record close) S&P 500 7,483.24 (essentially flat, +0.01 pts) Nasdaq Composite 25,832.67 (-207.36, -0.80%) WTI Crude (Aug. contract) US$68.69/bbl (+11¢) Gold (Aug. contract) US$4,125.70/oz (+$43.30) Canadian Dollar 70.52¢ US (from 70.37¢ Tuesday) 🇨🇦 Canada: TSX Gains on Tech and Materials Strength The S&P/TSX Composite Index rose 109.68 points, or 0.31%, to close at 34,966.67 on Thursday, driven by gains in the technology and basic materials sectors. Brianne Gardner, senior wealth manager at Velocity Investment Partners...
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Canadian Housing Market Enters Winter Hibernation: What You Need to Know

 


According to a recent news article, the Canadian Real Estate Association (CREA) has reported that home sales in Canada have slowed down in October, with a 5.6% decline compared to September. The article also mentions that both buyers and sellers appear to be holding off for the time being, with some sellers shelving their plans until next spring.

The causes of the slowdown are attributed to various factors, such as higher interest rates, tighter lending rules, rising home prices, and the impact of the COVID-19 pandemic on the economy and consumer confidence. The article also notes that some regions of British Columbia are starting to see softening in average home prices, while average home price declines are still uncommon throughout most of Canada’s major cities.

Despite the slowdown, the Canadian housing market remains active, with 33,921 homes sold in Canada in October, up 0.9% compared with the same month last year. The national average home price rose 1.8% year-over-year to $656,625.

If you’re planning to buy or sell a home in Canada, it’s advisable to keep an eye on the market trends and consult with a licensed real estate agent or mortgage broker. They can provide you with valuable insights and advice on how to navigate the current market conditions and make informed decisions.


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