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...
Ottawa presses for united front to tackle Trump’s promised tariffs
Ottawa is indeed pushing for a united front to tackle the tariffs promised by President-elect Donald Trump. Trump has threatened to impose a 25% tariff on all products entering the U.S. from Canada and Mexico, citing concerns over illegal immigration and drug trafficking.
Prime Minister Justin Trudeau and the provincial premiers are working together to address this issue. Trudeau has already had discussions with Trump and plans to meet with the premiers to form a cohesive strategy. The potential impact on the Canadian economy is significant, with experts warning of catastrophic effects on various industries.
It's a tense situation, but the hope is that a united Canadian front can mitigate the potential damage.
Comments
Post a Comment