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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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Iran Launches Dozens of Drones Toward Israel, Israeli Official Confirms

 


In a significant escalation of tensions, Iran has reportedly launched dozens of drones toward Israel. The Israeli Defense Forces (IDF) made this announcement, revealing that the drones were dispatched from Iranian territory. The situation remains fluid, and the IDF is closely monitoring the threat.

Key Points:

  1. Drone Deployment: According to an Israeli official, Iran’s Islamic Revolutionary Guard Corps (IRGC) orchestrated this large-scale drone attack. The IDF has been tracking the drones’ movements, and it is estimated that they will take several hours to reach Israel.

  2. Preparations and Alerts: In anticipation of the threat, Israel has taken precautionary measures. Certain areas may experience disruptions in GPS availability. The Home Front Command has issued guidelines for vigilance and safety.

  3. International Response: Jordan temporarily closed its airspace to incoming, departing, and transiting aircraft as a security measure. The decision aims to safeguard civil aviation within Jordanian airspace.

  4. Israel’s Preparedness: Israeli Minister of Defense Yoav Gallant emphasized that the country is well-prepared across various domains—land, air, sea, and intelligence—to counter any potential attack by Iran or its proxies.

As the situation unfolds, the world watches closely, aware of the implications of this drone offensive. The delicate balance in the region hangs in the balance, and diplomatic efforts are crucial to prevent further escalation.


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