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5 Things to Know Today: TSX Recap, Oil Eases, Loonie Under Pressure & Alberta's Pipeline Announcement (July 3, 2026)

  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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French Government to Resign: A Caretaker Transition Amid Political Turmoil

 

French President Emmanuel Macron is poised to accept the resignation of Prime Minister Gabriel Attal and his government by the end of the day. This move comes after an inconclusive snap election, but the current administration will remain in a caretaker capacity until a new cabinet is appointed. Here’s what you need to know:

  1. Caretaker Government: Attal’s government will continue to handle emergency situations and manage current affairs in the euro zone’s second-largest economy. However, they won’t be able to propose new legislation or make significant changes. Notably, this caretaker government will oversee the smooth running of the upcoming Olympics, scheduled to begin on July 26.

  2. Left-Wing Struggles: Left-wing parties are embroiled in a bitter dispute over who should be the next prime minister. The New Popular Front (NFP), an alliance of socialists, Greens, and communists, unexpectedly topped the vote in the recent snap election. However, tensions persist over forming a left-wing government.

  3. Mainstream Alliance: President Macron has called for mainstream parties to forge an alliance, potentially including elements of the NFP but excluding France Unbowed. The urgency to find a solution is high, as Communist party leader Fabien Roussel warns of a potential “shipwreck” if consensus isn’t reached.

In summary, France faces a delicate political landscape as it navigates this caretaker transition. The fate of the next government remains uncertain, and all eyes are on the negotiations between competing factions. Stay tuned for further developments.


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