Canada's main stock index, the S&P/TSX composite, was up in late-morning trading on Thursday, July 2, 2026, according to The Canadian Press. Gains in energy and mining sectors contributed to the rise, though specific numbers were not provided in the initial report.
Heat warnings and extreme weather across Canada
Heat warnings continue across much of Canada, with humidex values nearing 42 in the Montreal area and extreme heat persisting in Southern Ontario. London and surrounding areas, as well as Windsor-Essex and Chatham-Kent, remain under heat warnings. The Maritimes have also been issued heat warnings, while a thunderstorm is possible in Ottawa after a record-breaking downpour.
In British Columbia, flooding from a burst glacial lake is expected to peak, with an evacuation order still in place. Victoria police reported a pedestrian seriously injured in a hit-and-run crash. Meanwhile, in Ontario, a 16-year-old has been charged in a fatal crash involving a riding lawn mower in North Dumfries, and Bracebridge OPP are searching for a 67-year-old man who fell overboard in Lake Simcoe.
Political developments and pipeline announcement
Prime Minister Carney is set to meet with British Columbia Premier David Eby in Vancouver, while Alberta Premier Danielle Smith plans a pipeline announcement. Carney's trip to Alberta was cancelled due to thunderstorms grounding his plane in Ottawa. The prime minister's Davos speech is being put into practice at the UN, according to Canada's ambassador.
In other political news, an 11-year-old boy driving a pickup truck crashed into a group of Thai monks, killing eight, and Europe's leaders are closing ranks amid pressure from former U.S. President Donald Trump.
Canada Day celebrations and incidents
Thousands attended Canada Day celebrations in Wascana Park in Regina. In Oshawa, a female was stabbed after a dispute over a parking spot on Canada Day, according to video reports. Ontario power companies responded to a large-scale blackout, and two 2.6 magnitude seismic events were recorded in northeastern Canada on Canada Day.
Ontario Forest Fires reported two new wildland fires in the northeast region as of Tuesday evening, bringing the total number of active fires in the area to 21. A K9 unit was deployed to help arrest a trespasser in London, Ontario, and 19 charges were laid in a home break-in.
New Canadians and community milestones
New Canadians celebrated their first Canada Day as citizens, with one saying, 'I'm so blessed.' In Saskatoon, a service dog received a diploma alongside a high school graduate. Meanwhile, Prince Albert police are investigating the death of a two-month-old infant.
Youth under 18 can ride OC Transpo for free this summer, and Manitoba has made chips, rotisserie chickens, and other foods provincial sales tax-free.
Sports and entertainment highlights
In sports, the Edmonton Oilers traded defenceman Darnell Nurse to the San Jose Sharks and signed blueliner Ryan Shea. Taylor Fritz advanced at Wimbledon, and NHL free agency continues with Patrick Kane among those available. FIFA reported a 13-fold surge in online abuse during the World Cup, and Toronto hosts Portugal vs. Croatia as its last 2026 FIFA World Cup match today.
In entertainment, Canadian rocker Bryan Adams released a protest song titled '51st State,' and a former pop star was charged with sexual offences dating back to the 1970s and 1980s. The Oxford English Dictionary added new Canadian-inspired words in a recent update.
