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Daily Markets Update: TSX Closed for Canada Day as Wall Street Notches Best Quarter Since 2020 (July 1, 2026)

  Wednesday, July 1, 2026 — Canada Day Happy Canada Day! The Toronto Stock Exchange, TSX Venture, TSX Alpha and Montréal Exchange are closed today for the holiday and will reopen with regular trading hours tomorrow, Thursday, July 2. South of the border, it's business as usual — and Wall Street closed out the first half of the year in style. Here's your full wrap of Tuesday's close and what's moving in markets this morning. 🇨🇦 TSX Snapshot (Closed for Canada Day) The S&P/TSX Composite booked a modest gain in Tuesday's session — the last day of trading before the holiday — with strength in Healthcare, Clean Technology and IT offsetting softer commodity names. Index Close (Jun 30) Change S&P/TSX Composite 34,858.64 +0.10% Leaders: MDA Ltd (+8.50%), Trekor Metals (+8.19%) and Celestica (+6.15%) led gainers, while Silvercorp Metals (-7.24%), Methanex (-5.47%) and Rogers Communications (-4.63%) lagged. Advancers outpaced decliners 503 to 473 on the day. Looki...
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Wall Street Holds Steady Amid Trump's Tariff Threats

                                       

US stocks showed resilience on Tuesday as investors weighed President-elect Donald Trump's threat to impose fresh tariffs on China, Canada, and Mexico. The S&P 500 inched up roughly 0.3%, while the tech-heavy Nasdaq Composite jumped about 0.4%. However, the Dow Jones Industrial Average dropped 0.3% after hitting a record high.

Trump's pledge to impose tariffs from his first day in office initially sparked trade war fears, but Wall Street seemed to take the news in stride, holding onto gains from Monday's Bessent-bounce. Investors are now closely watching the release of Federal Reserve minutes for clues on the pace of interest rate cuts in the coming year.

European carmakers, particularly Nissan and Honda, faced pressure due to Trump's "America First" push, while the Mexican peso and Canadian dollar dropped sharply. Meanwhile, bitcoin retreated to trade around $92,840 per token as its bid for the $100,000 milestone ran out of steam.




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