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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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Springing Forward: Daylight Saving Time 2024 in Canada

     
  
                            

As winter’s grip loosens and the days grow longer, Canadians eagerly anticipate the annual ritual of Daylight Saving Time. This year, on Sunday, March 10, 2024, clocks across the country will leap forward by one hour at 2:00 AM, ushering in more daylight in the evenings. Here’s what you need to know about this time-honored tradition:

1. The Clocks Move Ahead

As dawn breaks on March 10, Canadians will set their clocks forward to 3:00 AM local daylight time. Sunrise and sunset will occur approximately an hour later than the previous day, allowing for extended evening activities. This shift, often referred to as “Spring Forward,” marks the beginning of brighter evenings and a sense of renewal.

2. A Controversial Tradition

While Daylight Saving Time has been a fixture in Canada since 1908, it remains a topic of debate. Some argue that the time change disrupts sleep patterns and circadian rhythms, leading to health issues. Others appreciate the longer evenings and the chance to enjoy outdoor pursuits after work. Despite the controversy, the majority of Canada continues to observe this biannual adjustment.

3. Provinces and Territories: Who Springs Forward?

Not all regions in Canada participate in Daylight Saving Time. Here’s a breakdown:

  • Alberta, Northwest Territories, Nova Scotia, Quebec, Manitoba, Ontario, New Brunswick, Newfoundland and Labrador, and Prince Edward Island will all move their clocks forward on March 10, 2024.
  • Yukon, most of Saskatchewan, some locations in Québec east of 63° westerly longitude (such as Blanc-Sablon), Southampton Island, and certain areas in British Columbia will remain on standard time throughout the year.

4. Fall Back in November

Remember that Daylight Saving Time isn’t a permanent shift. Come Sunday, November 3, 2024, we’ll “Fall Back” by turning our clocks backward one hour at 2:00 AM, gaining an extra hour of sleep. Sunrise and sunset will occur earlier, signaling the arrival of cozy winter evenings.

As we prepare to spring forward, let’s embrace the changing seasons and make the most of the additional daylight. Whether you’re adjusting your watch or resetting your digital devices, Daylight Saving Time reminds us that time is a precious gift, no matter how we measure it. 


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