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Weekly Market Snapshot: June 9–13, 2026

Canadian markets closed out a turbulent week on a positive note, as the Bank of Canada's decision to hold its benchmark rate at 2.25% and easing Iran tensions helped the TSX recover from a mid-week dip to finish the week up roughly 1.53% . A surprise Dollarama earnings beat gave the retail sector an additional lift. 📊 Market Scoreboard — Week of June 9–13 Index / Asset Level (Fri. Close) Weekly Change S&P/TSX Composite 34,937.85 ▲ +1.53% S&P 500 (USD) ~7,431 ▲ ~+0.6% wk Dow Jones (USD) 51,202 ▲ +0.7% Fri CAD/USD 0.7160 ▼ Modest pressure WTI Crude Oil (USD/bbl) ~$84.29 ▼ 8-wk low Gold (USD/oz) ~$4,226 ▲ ~2.8% Sources: Yahoo Finance Canada, Trading Economics, TMX Money. Figures reflect approximate Friday close / intraday levels as of June 13, 2026. 🔑 5 Things That Moved Markets This Week 1 — Bank of Canada Holds at 2.25% The BoC held its benchmark rate steady on Wednesday, June 11 — as widely expected after Canada's May jobs report came in with a blowout 88,000 new pos...
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Dow Leads Gains Amid Earnings Surge

 

In today’s stock market, the Dow Jones Industrial Average (^DJI) took the lead, rising approximately 0.3%. The broader market also saw positive movement, with the S&P 500 (^GSPC) climbing around 0.2%. Even the tech-heavy Nasdaq Composite (^IXIC) managed to erase earlier session losses and finish in the green.

Investors are closely monitoring earnings season, which is now halfway done. The question on everyone’s mind: Can strong earnings results reignite the stock rally?

Here are some notable highlights from today’s market:

  1. Spotify (SPOT): Shares of the music streaming giant surged after the company provided robust guidance.

  2. Eli Lilly (LLY): The pharmaceutical company’s stock popped as its 2024 profit forecast exceeded estimates.

  3. New York Community Bank (NYCB): Unfortunately, investor concerns over the health of this commercial real estate lender caused its shares to plummet by more than 22%.

Additionally, comments from Federal Reserve officials added to the market chatter. Cleveland Fed President Loretta Mester emphasized caution in moving interest rates down too soon, while Minneapolis Fed President Neel Kashkari acknowledged positive inflation data but stressed that the Fed isn’t fully prepared to tackle higher prices yet.

As the market navigates these dynamics, investors remain vigilant about the possibility of interest rate cuts and the impact on their portfolios. 

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