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Daily Markets Update: TSX Holds Near Highs as Wall Street Reopens - July 6, 2026

  Monday, July 6, 2026 | Canada's benchmark index closed out last week just shy of a fresh record, and Wall Street is back in action today after Friday's Independence Day holiday closure. Here's everything Canadian investors need to know about global markets this morning. 🇨🇦 Canada: TSX Closes Higher, Just Off Its 52-Week High The S&P/TSX Composite Index closed Friday, July 3 at 35,274.84 , up 308.17 points (+0.88%) . That leaves the index within about 350 points of its 52-week high of 35,629.89, set earlier this summer. Since Canadian markets were closed over the weekend, Friday's print remains the most recent TSX close heading into today's session. The loonie remains under pressure. USD/CAD was trading near 1.421 this morning, keeping the Canadian dollar close to its weakest levels of the past year. Higher-for-longer U.S. rate expectations and softer Canadian growth data have been the main drags, though a pullback in oil prices has also limited support for...
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Toronto’s Housing Market Plummets to a 13-Year Low Amidst Higher Mortgage Rates

 


Toronto’s housing market experienced a significant decline in 2023, with home sales dropping to a 13-year low. According to a report by the Toronto Regional Real Estate Board, the number of home sales in the Greater Toronto Area (GTA) fell by 11% compared to the previous year . This decline can be attributed to the rise in mortgage rates, which made it difficult for potential buyers to afford homes.

The average home sold price in the GTA for November 2023 was $1,051,180, which is a 7% drop compared to the previous month . The report also states that the GTA housing market has been in a deep buyer’s market for the past few months, with the sales-to-new-listings ratio (SNLR) being 40% in November 2023. This means that there are comparatively more properties available for purchase than buyers in the market, giving buyers more leverage in negotiating prices and terms. However, the GTA is now once again in a balanced market, with buyers losing favour as sellers regain some control in the market .


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