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5 Things to Know Today: Markets Near Records, Rates Hold, Oil Eases

  Here's what Canadian money watchers need to know as we head into the week: 1. TSX Hits Record Territory Amid Diplomatic Optimism The S&P/TSX Composite Index is hovering near 35,000 , approaching record levels as markets digest positive signals from U.S.-Iran negotiations. Senior officials say a deal to reopen the Strait of Hormuz could be signed at next week's G7 summit, easing geopolitical tensions and supporting oil-sensitive sectors. Financial stocks led gains—RBC, TD, and BMO all rose about 0.5–1%—while mining names like Agnico Eagle and WPM climbed despite softer gold prices. What it means for your wallet: A more stable geopolitical backdrop and lower oil prices could ease inflation concerns, improving conditions for your savings and investments. 2. Bank of Canada Holds Rates at 2.25% for Fifth Time On June 10, the BoC kept its benchmark overnight rate steady at 2.25% —marking five consecutive holds since October 2025. Governor Tiff Macklem cited a "two-directi...
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Travel insurance tips for Canadians

 

Before embarking on a trip, it is essential to understand the importance of travel insurance. Travel insurance is a type of insurance that covers financial losses and medical expenses incurred while traveling. It is designed to protect travelers from unforeseen circumstances that may arise during their trip.

When purchasing travel insurance, it is important to read the policy wording carefully to understand what is and isn’t covered. Some policies may not cover pre-existing medical conditions, while others may not cover certain activities such as extreme sports. It is also important to note that travel insurance policies have exclusions and limitations, so it is essential to read the fine print.

Another important factor to consider when purchasing travel insurance is the type of coverage you need. There are different types of travel insurance policies available, including medical coverage, trip cancellation coverage, and baggage coverage. It is important to choose a policy that meets your specific needs.

When purchasing travel insurance, it is also important to consider the duration of your trip. Some policies may only cover trips of a certain length, while others may offer coverage for longer trips. It is important to choose a policy that provides adequate coverage for the duration of your trip.

In summary, travel insurance is an essential part of any trip. It provides peace of mind and financial protection in case of unforeseen circumstances. When purchasing travel insurance, it is important to read the policy wording carefully, choose a policy that meets your specific needs, and consider the duration of your trip.

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