Dear Friends,
˚₊‧꒰ა🍂🍁🧡🏒‧₊˚ 🌱🍂🍁🧡🍻 ₊‧꒰ა🍂🍁🧡🦌 ₊‧꒰ა🍂🍁🧡˚₊‧꒰ა ˚₊‧
Tangents:🍁🍁Wishing you a VERY Happy CANADA Day! ‧₊˚🍁🍁
˚₊‧꒰ა🍂🍁🧡🏒‧₊˚ 🌱🍂🍁🧡🍻 ₊‧꒰ა🍂🍁🧡🦌 ₊‧꒰ა🍂🍁🧡˚₊‧꒰ა ˚₊‧
June 30th, 1908: A meteor exploded above Tunguska in Siberia, with the force of around 1,000 Hiroshima bombs, leaving 800 square miles of flattened forest and giving Earth a dramatic warning about asteroid risk. Go to article.
Lena Horne, singer, b.1917.
Mike Tyson, boxer, b.1966.
| 2,000-year-old scrolls buried by Mount Vesuvius eruption finally deciphered with help from AI |
Experts have unraveled substantial new text from two carbonized Herculaneum scrolls, including what may be a previously unknown work by a Stoic philosopher. Read more.
| 🪐 Budget trip to Jupiter |
Jupiter is the largest planet in the solar system! It has beautiful banded cloud layers, a set of thin, dusty rings, the famous Great Red Spot and dozens of moons. Fun fact: It is also the oldest planet in the solar system, having formed 4.6 billion years ago. Watch now.
| Chinese supercomputer leapfrogs best US machines to be ranked world’s fastest |
China’s Line Shine supercomputer is the most powerful in the world and the first the country has hosted since 2017. Read more.
| How did the Romans build such straight roads? |
The Romans have a reputation for building straight roads — but how did they do it? Read more.
Worry is a cycle of inefficient thoughts whirling around a center of fear. -Corrie Ten Boom.
A dramatic day of World Cup action
In case you missed it on Monday, Paraguay shocked powerhouse Germany and Morocco knocked out the Netherlands. + Sign up for CNN’s World Cup newsletter to keep up with the tournament’s biggest stories.
Streaming now: Serena Williams is back
Serena Williams is set to make her first singles appearance in four years today at Wimbledon. How did she become a global force?
FDA to reconsider the safety and effectiveness of peptides
Peptide injections have become the latest wellness obsession among athletes, influencers and celebrities. An upcoming FDA panel will put them even more in the spotlight.
This ‘living fossil’ is threatened with extinction
Guitarfish are among the ocean’s most threatened fish, as demand for their fins fuels a multimillion-dollar trade. One scientist is trying to save them by working with those who catch them.
PHOTOS OF THE DAY
Colorado, US
A woman uses a hose to wet grass around the Mountain Shadows mobile home park in the hope of keeping the Aspen Acres fire from reaching homes near Beulah
Photograph: Jerilee Bennett/The Gazette/AP
Rome, Italy
People look at the newly acquired Tomb of François, a 4th-century BC masterpiece bought last month by Italy’s culture ministry for €15m (£12.9m), at the National Etruscan Museum of Villa Giulia
Photograph: Remo Casilli/Reuters
Giraffes also roam the Mkata floodplain. It is home to elephants, wildebeest, buffalo, eland, zebra and lions, as well as about 400 species of birds
Photograph: Anadolu/Getty Images
Market Closes for June 30th, 2026
| Market Index |
Close | Change |
| Dow Jones |
52319.20 | +136.46 |
| +0.26% | ||
| S&P 500 | 7499.36 | +58.93 |
| +0.79% | ||
| NASDAQ | 26213.72 | +393.58 |
| +1.52% | ||
| TSX | 34856.99 | +33.17
+0.10% |
International Markets
| Market Index |
Close | Change |
| NIKKEI | 70062.32 | +594.21 |
| +0.86% | ||
| HANG SENG |
22881.02 | -145.66 |
| -0.63% | ||
| SEN SEX | 76478.67 | -249.70 |
| -0.33% | ||
| FTSE 100* | 10497.12 | +12.90 |
| +0.12% |
Bonds
| Bonds | % Yield | Previous % Yield |
| CND. 10 Year Bond |
3.380 | 3.373 |
| CND. 30 Year Bond |
3.776 | 3.773 |
| U.S. 10 Year Bond |
4.4652 | 4.3744 |
| U.S. 30 Year Bond |
4.9513 | 4.8630 |
| BOC Close | Today | Previous |
| Canadian $ | 0.7044 | 0.7040 |
| US $ |
1.4196 | 1.4203 |
| Euro Rate 1 Euro= |
Inverse | |
| Canadian $ | 0.6168 | 1.6211 |
| US $ |
0.8756 | 1.1419 |
Commodities
| Gold | Close | Previous |
| London Gold Fix |
4026.45 | 4072.05 |
| Oil | ||
| WTI Crude Future | 69.50 | 70.75 |
Market Commentary:
On this day in 1932, the total market value of all stocks listed on the New York Stock Exchange scraped bottom at $15.6 billion, down from $89.7 billion on Sept. 1, 1929.
🍁Canada🍁
By Bloomberg Automation
(Bloomberg) — The S&P/TSX Composite advanced slightly to 34,856.99 in Toronto.
The move follows the previous session’s decrease of 0.4%.
Royal Bank of Canada contributed the most to the index gain, increasing 1.0%.
MDA Space Ltd. had the largest increase, rising 8.5%.
Today, 110 of 220 shares rose, while 108 fell; 5 of 11 sectors were higher, led by financials stocks.
Insights
* This quarter, the index rose 6.4%
* This month, the index rose 0.3%
* The index advanced 30% in the past 52 weeks. The MSCI AC Americas Index gained 21% in the same period
* The S&P/TSX Composite is 2.2% below its 52-week high on June 17, 2026 and 30.7% above its low on June 30, 2025
* The S&P/TSX Composite is little changed in the past 5 days and rose 0.3% in the past 30 days
* S&P/TSX Composite is trading at a price-to-earnings ratio of 21.6 on a trailing basis and 16.5 times estimated earnings of its members for the coming year
* The index’s dividend yield is 2.1% on a trailing 12-month basis
* S&P/TSX Composite’s members have a total market capitalization of C$5.49t
* 30-day price volatility fell to 13.16% compared with 13.62% in the previous session and the average of 14.05% over the past month
Index Points
Financials | 96.7520| 0.8| 20/3
Materials | 35.9498| 0.6| 35/24
Information Technology | 12.3104| 0.5| 6/3
Industrials | 4.6842| 0.1| 17/12
Health Care | 0.7828| 0.7| 2/3
Real Estate | -1.8686| -0.4| 7/11
Consumer Discretionary | -6.5283| -0.6| 3/5
Utilities | -7.6740| -0.6| 6/8
Consumer Staples | -12.2586| -1.1| 0/10
Communication Services | -17.1271| -2.9| 0/5
Energy | -71.8274| -1.2| 14/24
RBC | 27.4100| 1.0| -9.3| 25.5
Celestica | 24.1500| 6.2| 11.7| 27.4
TD Bank | 16.7400| 0.8| -0.5| 33.3
Cameco | -7.2000| -1.6| 13.1| 15.0
Constellation Software | -13.3700| -3.5| 5.0| -19.1
Enbridge | -26.1600| -2.2| -11.3| 17.1
MT Newswires:
The Toronto Stock Exchange rose on Tuesday as gains in financial, technology and base metals stocks offset weakness in energy and telecom shares, while stronger-than-expected domestic economic data supported investor sentiment.
The S&P/TSX Composite Index closed up 33.17 points, or 0.10%, to 34,856.99, with a majority of sectors ending higher.
Base Metals led gainers, up 1.76%, with Battery Metals Index, Health Care, Industrials, Information and Technology, and Financial, up 0.13%, 1.02%, 0.13%, 0.85%, and 0.77%, respectively.
Telecom led decliners, down 2.60%, while Energy, down 0.24%, and Utilities, down 0.61%.
In commodities, gold was steady on Tuesday, sticking above $4,000 even as the dollar and yields rose.
The precious metal for August delivery was last seen up 0.1% to $4,042.60 per ounce.
The price of the metal has dropped 10% over the past month as investors worry rising US inflation due to higher energy prices will force a hike to US interest rates, bearish for the metal since it offers no yield.
Meanwhile, West Texas Intermediate (WTI) crude oil closed lower on Tuesday, as shipping through the Strait of Hormuz continues to free up previously trapped barrels.
WTI crude for August delivery closed down 1.8% to $69.50 per barrel, while August Brent crude was last seen down 0.3% to $72.92.
In economic news, Statistics Canada said Canada’s real gross domestic product rose 0.5% in April, more than expected, after contracting 0.1% in March.
The consensus on Investing.com was for a 0.4% gain.
Goods-producing industries rose 1.2% in April, helped by mining, quarrying, and oil and gas extraction, according to StatsCan.
The sector jumped 2.9% in April, the largest monthly growth rate since February 2024’s 3.2%, more than offsetting March’s 1.4% contraction.
Services-producing industries edged up 0.3%, the third-straight monthly increase.
StatsCan said the increase was due to growth in the public sector and transportation and warehousing.
Overall, 14 of the 20 industrial sectors advanced in April, the agency reported.
The public sector aggregate, comprising educational services, health care and social assistance, and public administration, expanded 0.4% in April, on increases across all comprising sectors.
Transportation and warehousing rose 0.9% in April, up for the second time in three months, driven in large part in the month by increases in rail and pipeline transportation.
The manufacturing sector rose 0.6% in April, while the construction sector edged up 0.7%, reversing four consecutive monthly declines.
Real estate and rental and leasing expanded for the third consecutive month, rising 0.2% in April, on increases across all comprising subsectors.
StatsCan said offices of real estate agents and brokers and activities related to real estate (+1.3%) contributed the most to the growth.
The agency estimates real GDP by industry increased 0.1% in May.
This estimate will be updated on July 31.
April’s stronger GDP stats indicate a better transition to the second quarter with Q2 growth now tracking above an annualized pace of 2%, TD Economics wrote in a note.
"Zooming out, that leaves the first-quarter stumble looking more like a temporary soft patch than the start of a deeper downturn, broadly in line with the Bank of Canada’s view that growth should resume in Q2 even if the economy remains in excess supply," said economist Marc Ercolao.
Canada’s economy never entered any "credible" definition of recession, but growth is rebounding in Q2, wrote Scotiabank’s Derek Holt, head of capital markets economics.
"This offers a nice set-up for the Bank of Canada’s wholesale forecast reset in the July 15th MPR and following next week’s BoC surveys that are likely to show higher inflation expectations," Holt said.
In company news, MDA Space (MDA.TO) was in focus after the federal government awarded the company a C$688-million contract to build and launch a new replenishment satellite for Canada’s RADARSAT Constellation Mission, The Canadian Press reported.
Industry Minister Melanie Joly said is important to the country’s security and sovereignty.
"In an increasingly dangerous and divided world, Canada is investing in modern surveillance systems to detect threats earlier," Joly said in a news release.
"Through this investment, we are reinforcing Canada’s sovereign satellite capabilities and equipping industry and the Canadian Armed Forces with the intelligence they need to protect communities, inform decisions, and keep Canada secure."
US
By Rita Nazareth
(Bloomberg) — The best quarter in six years for stocks ended on a positive note, with chipmakers extending their surge from war-driven lows and signs of economic resilience fueling optimism about corporate earnings.
A rally that’s added more than $8 trillion to the S&P 500’s value in three months powered ahead as data showed strength in both jobs and consumer sentiment.
In a tech-led advance, the Nasdaq 100 climbed 1.7% while a gauge of semiconductor firms notched the best quarter ever.
Treasuries fell.
Oil declined on hopes for a permanent deal to end the Iran war.
A fresh batch of economic data continued to underscore growing momentum.
Though a surge in prices during the Middle East conflict has depressed consumer sentiment and eaten into wage gains, it’s had less of an impact on demand for workers as spending has remained strong.
Today marks the end of what is turning out to be a “monster” first half on Wall Street despite the rocky geopolitical issues and choppy trading that’s been prevalent across the board during the period, according to JJ Kinahan at Cboe Global Markets.
“The markets have proven to be the ultimate grinder as they keep crushing it despite a lot of hand-wringing that has gone along with this incredible rally that has endured deep selloffs, the Iran war and a number of other outside influences,” he said.
For all the swings during the first half of 2026, buying the dip has become the go-to strategy for retail investors.
The group has bought almost three-and-a-half times the average daily amount on days the S&P 500 has dropped, according to data compiled by Scott Rubner at Citadel Securities.
“Despite some twists and turns, the path of least resistance for stocks broadly remained up and to the right for much of the last three months,” said Jeff Buchbinder at LPL Financial.
“While stock market enthusiasm has increased, we do not believe it has crossed the threshold into outright irrational exuberance.”
Some sentiment surveys are stretched, but others remain near long-term averages while positioning has begun to moderate, he added.
Meantime, Buchbinder noted that other indicators – including record margin debt and highly overbought conditions in key leadership groups like semiconductors – point to a market with an overly optimistic outlook.
“Strong fundamentals and powerful structural themes such as AI can justify elevated valuations for a while, but they do not eliminate the typical ups and downs,” he said.
“Rather than signaling the end of the bull market, current conditions appear more consistent with a mature bull market that may be due for a pause. We remain constructive on equities.”
A rotation into cyclical corners could have legs especially if oil prices keep heading toward levels prior to the war and the economy remains resilient, according to Mona Mahajan at Edward Jones.
She would recommend both large-cap stocks, which offer exposure to the AI story, and mid-cap shares, which could continue to do well if the broadening theme delivers.
Corporate Highlights:
* Anthropic PBC is releasing new software aimed at helping scientists automate research, in the hopes of reducing some of the tedious aspects of their work.
* The Supreme Court agreed to hear an appeal by Apple Inc. regarding a contempt ruling in its long-running antitrust battle with Fortnite-maker Epic Games Inc.
* Visa Inc., Stripe Inc. and Bank of New York Mellon Corp. are among dozens of financial firms linking up to introduce a stablecoin, part of a strategy to broaden the appeal of the digital money-movement technology.
* The Food and Drug Administration authorized Philip Morris International Inc. to market its Zyn nicotine pouches as less harmful than cigarettes, the first time the category has received the distinction.
* Air Products and Chemicals Inc. is scrapping plans to develop a multibillion-dollar project in Louisiana that would have produced of hydrogen and captured carbon dioxide.
Some of the main moves in markets:
Stocks
* The S&P 500 rose 0.8% as of 4 p.m. New York time
* The Nasdaq 100 rose 1.7%
* The Dow Jones Industrial Average rose 0.3%
* The MSCI World Index rose 0.7%
Currencies
* The Bloomberg Dollar Spot Index was little changed
* The euro was little changed at $1.1427
* The British pound was little changed at $1.3265
* The Japanese yen fell 0.4% to 162.59 per dollar
Cryptocurrencies
* Bitcoin fell 2.5% to $58,700.13
* Ether fell 2.4% to $1,577.4
Bonds
* The yield on 10-year Treasuries advanced seven basis points to 4.45%
* Germany’s 10-year yield was little changed at 2.86%
* Britain’s 10-year yield advanced four basis points to 4.76%
Commodities
* West Texas Intermediate crude fell 0.9% to $70.09 a barrel
* Spot gold was little changed
Have a lovely evening.
Be magnificent!
As ever,
Carolann
We all live with the objective of being happy; our lives are all different and yet the same. –Anne Frank, 1929-1945.
Carolann Steinhoff, B.Sc., CFP®, CIM, CIWM
Senior Investment Advisor
Queensbury Securities Inc.,
St. Andrew’s Square,
Suite 340A, 730 View St.,
Victoria, B.C. V8W 3Y7
Tel: 778.430.5808
(C): 250.881.0801 (Text Only)
Toll Free: 1.877.430.5895
Fax: 778.430.5828