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Markets Update: Futures Bounce After U.S. Iran Strikes; BoC Holds at 2.25%

  Thursday, June 11, 2026  |  Canadian Money Brief Markets are looking to snap a two-day losing streak this Thursday. After a brutal Wednesday session — where the Dow shed more than 950 points and U.S. inflation hit a three-year high — futures are pointing higher this morning as investors assess the latest escalation, and swift conclusion, of U.S. strikes on Iran overnight. Meanwhile, the Bank of Canada made its policy call yesterday, and Canadians are digesting what a fifth straight rate hold means for their wallets. 🍁 Canada: BoC Holds, TSX Eyes a Rebound The dominant Canadian story is the Bank of Canada's decision yesterday to hold its overnight rate at 2.25% — the fifth consecutive hold, and widely expected. Governor Tiff Macklem struck a notably cautious tone, signalling the next move could go either way: a cut if the trade war with the U.S. deepens and weighs on the economy, or a hike if Middle East-driven energy inflation becomes entrenched. Canadian inflation c...
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Stock Futures Point to Continued Record-Setting Run on Wall Street

                                        

In a bullish start to the day, US stock futures are indicating a higher open as Wall Street aims to extend its record-setting run. Here are the key points:

  1. Futures on the S&P 500 (symbol: ^GSPC) have risen nearly 0.4%.
  2. Dow Jones Industrial Average futures (symbol: ^DJI) are up by about 0.2%.
  3. Nasdaq Composite futures (symbol: ^IXIC) lead the way, rising approximately 0.5%.

Despite a brief pause in the rally on Monday, where all three major indexes dipped slightly, the overall mood remains bullish. Notably, Oppenheimer Asset Management strategist John Stoltzfus has raised his 2024 S&P 500 price target to a Street-high 5,500.

Economic data is in focus today, with readings on durable goods orders and US consumer confidence due. Additionally, the Case-Shiller home price index will be released. However, the main event awaits us on Friday when the government will publish the Personal Consumption Expenditures Price Index (core PCE growth)—the Federal Reserve’s preferred gauge of inflation pace.

In company news, Trump Media & Technology Group Corp. (symbol: DJT) is making its Wall Street debut after merging with Digital World Acquisition Corp. Shares of Trump Media & Technology Group Corp. have surged as much as 20% in premarket trading.

Stay tuned for more market updates as the week unfolds.

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