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  Friday, July 3, 2026 Here's what's moving markets and your money this morning — from Bay Street to the pumps to Ottawa. 1. TSX gains as investors digest a mixed session The S&P/TSX Composite closed up 0.31% on Thursday at 34,966.67 points (+109.68), its first full trading day back after the Canada Day holiday. Financials were mixed — Brookfield edged higher while TD Bank slipped nearly 1% — but mining stocks got a lift as gold prices ticked up, with Barrick and Franco-Nevada both up more than 3%. Shopify was the standout, jumping over 5% after settling a dispute with Shopline. 2. Oil prices ease as Iran-US talks continue in Doha Crude prices pulled back further and are now trading closer to pre-conflict levels after another round of indirect US-Iran talks in Doha, even though the sides didn't reach a breakthrough. That's welcome news for anyone filling up this long weekend, and it's also easing some of the energy-driven inflation pressure that's been compl...
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Battles Rage Around Rafah After US Halts Some Weapons to Israel

 

In the ongoing conflict between Israel and the Palestinian Islamist group Hamas, the southern Gaza city of Rafah has become a focal point. Here’s a brief overview of the situation:

  1. US Halts Shipment of Powerful Bombs:

    • As Israeli troops battled Hamas on the outskirts of Rafah, the United States made a significant move by halting a shipment of powerful bombs that Israel could potentially use in a full-scale assault.
    • This decision aims to prevent civilian casualties and further escalation in the region.

  2. Ceasefire Talks in Cairo:

    • Ceasefire negotiations have resumed in Cairo, with delegations from Hamas, Israel, the US, Egypt, and Qatar participating.
    • The remaining differences between Israel and Hamas are being addressed, and there is optimism that the Palestinian militant group’s latest ceasefire proposal can bridge the gaps.
    • CIA Director Bill Burns is also involved in these talks, traveling from Cairo to Israel to meet with Israeli Prime Minister Benjamin Netanyahu and officials.

  3. Challenges and Warnings:

    • Israel declared Hamas’ three-phase proposal unacceptable due to softened terms, but the revised proposal suggests that the remaining gaps can be closed.
    • Hamas warns that continued Israeli military aggression in Rafah could jeopardize any truce agreement.
    • The situation remains tense, with both sides closely monitoring developments.

  4. Humanitarian Impact:

    • The seizure of the main border crossing between Gaza and Egypt in Rafah has cut off a vital route for aid into the enclave.
    • Hundreds of thousands of displaced Palestinians in Gaza are facing homelessness and hunger.

In summary, the battles in Rafah continue, and the US’s decision to halt weapon shipments underscores the urgency of finding a peaceful resolution. The world watches as negotiations unfold, hoping for a breakthrough that will spare lives and bring stability to the region.


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