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...
Israel-Hezbollah Ceasefire Holds as Lebanese Civilians Begin Returning Home
In the early hours of Wednesday, a ceasefire between Israel and Hezbollah took effect, bringing a temporary halt to over a year of conflict. The ceasefire, brokered by the United States and France, was announced by U.S. President Joe Biden and approved by Israel's security cabinet.
As the ceasefire took hold, thousands of Lebanese civilians began returning to their homes in the south, despite warnings from the Israeli military to delay their return until the area is fully secured. The agreement stipulates a 60-day period for Israeli forces to withdraw from southern Lebanon, while the Lebanese army will deploy troops to ensure Hezbollah does not rebuild its infrastructure.
The ceasefire has been welcomed by international leaders, including French President Emmanuel Macron and Canadian Prime Minister Justin Trudeau, who see it as a crucial step towards stability in the region. However, the situation remains tense, with both sides prepared to respond to any violations of the agreement.
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