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5 Things to Know Today: Bank of Canada Holds, TSX Rallies, Oil Eases

  5 Things to Know Today Monday, June 15, 2026 1. BoC Holds Rates at 2.25% Amid Economic Weakness The Bank of Canada confirmed its fifth consecutive rate hold at 2.25% on June 10. Governor Tiff Macklem emphasized the bank is "looking through" energy price shocks while monitoring trade policy uncertainty. The key takeaway for borrowers: mortgage rates remain in holding pattern, but the BoC's shift to calling the economy "weak" signals caution ahead. 2. TSX Approaching 35,000 on Diplomatic Optimism The S&P/TSX Composite jumped 0.8% Friday to close at 34,938, riding optimism over potential US-Iran negotiations. Financial stocks led (TD +1.1%, BMO +1.2%), while mining names advanced despite soft gold prices (Agnico Eagle +3.4%). The rebound signals investor appetite returning, though geopolitical uncertainty remains the key wild card. 3. Strait of Hormuz Breakthrough Could Ease Oil Pressure Reports suggest a US-Iran memorandum to reopen the Strait of Hormuz coul...
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Wall Street Edges Down as Retail Earnings Take Center Stage



Wall Street is poised slightly lower, anticipating a week dominated by earnings reports from major retailers. Here are the key highlights:

  1. Market Outlook:

    • Futures for the S&P 500 and the Dow Jones Industrial Average have dipped approximately 0.1% before the opening bell.
    • Investors keenly await earnings data, which serves as a crucial indicator for the trajectory of the U.S. and global economies.

  2. Noteworthy Developments:

    • Domino’s, the pizza delivery giant, has surged by 6.5% pre-market after surpassing Wall Street’s sales and profit expectations.
    • Zoom, the video conferencing company, is set to report its earnings later today.
    • Amazon.com officially joins the prestigious Dow Jones industrials, replacing Walgreens Boots Alliance.
    • Uber Technologies Inc. will replace JetBlue Airways Corp. on the Dow Jones Transportation Average, enhancing the index’s tracking of the ride-sharing sector.

  3. Upcoming Retail Earnings:

    • Keep an eye on quarterly financial results from major retailers:
      • Lowe’s: The home improvement retailer.
      • Dollar Tree: The discount retailer.
      • Macy’s: The department store chain.
      • Best Buy: The electronics retailer.

  4. Economic Data:

    • Expect updates on consumer confidence, inflation, and the pace of growth in the U.S. during the October-December quarter.
    • The Federal Reserve’s efforts to manage inflation remain in focus, with expectations of a rate cut in June instead of March.

  5. Global Markets:

    • In Europe, France’s CAC 40 slipped 0.4%, Germany’s DAX edged 0.1% higher, and Britain’s FTSE 100 declined 0.3%.
    • The Nikkei 225 in Tokyo gained 0.4%, reaching 39,233.71.

Stay tuned for a week of market movements driven by earnings revelations and economic indicators. 

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