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5 Things to Know Today – June 8, 2026

  The Bank of Canada's big moment arrives in 48 hours. Here's everything moving your money this Monday morning — from an OPEC+ output hike to a loonie struggling to keep pace with oil. Bank of Canada 1 The Rate Decision Is Two Days Away — And Economists Expect a Hold The Bank of Canada announces its overnight rate decision this Wednesday, June 10, at 9:45 a.m. ET, with a press conference from Governor Tiff Macklem to follow at 10:30 a.m. The rate currently sits at 2.25%, and the overwhelming consensus is that it stays there. Economists at TD, CIBC, National Bank and Desjardins all point to the same impossible bind: a technical recession and softening labour market would normally call for a cut, but oil-driven inflation — sitting above the Bank's 2% target — makes easing difficult to justify. Adding to the uncertainty, U.S. CPI data for May drops the same morning, which could shift bond markets mid-session. Wednesday is a big day for your mortgage rate outlook. Watch this sp...
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Tax-Loss Selling Targets: A Look at Some Table-Pounding Buys

 


With the end of the year nearing, many investors are looking for ways to minimize their tax bill by applying tax-loss harvesting, the technique of selling investments that have lost value in order to offset capital gains and lower an investor’s tax burden. 

Tax-loss harvesting can help investors reduce their taxable income, diversify their portfolio, and take advantage of market fluctuations. 

However, one of the risks and limitations to consider is the wash-sale rule, which prevents investors from claiming a loss on a sale of an investment if they buy a substantially identical investment within 30 days before or after the sale. This rule is designed to prevent investors from artificially creating losses for tax purposes. 

 There are also some other risks to consider, such as transaction costs, and opportunity costs.

Here are three attractive buying opportunities for companies whose shares have experience downward pressure this year: Canadian Tire Corp. Ltd., TC Energy Corp., and Toronto-Dominion Bank are three companies that have suffered lower share prices due to tax-loss selling and represent compelling buying opportunities.


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