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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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Judge Rebukes Trump’s Lawyer for ‘Losing All Credibility’ in Hush Money Trial”

 

    

In a dramatic courtroom exchange, Judge Juan Merchan admonished former President Donald Trump’s lawyer, Todd Blanche, for what he deemed a lack of credibility during the ongoing criminal trial related to hush money payments. The trial centers around a 2016 payment made to adult film actress Stormy Daniels, allegedly to boost Trump’s electoral prospects.

Merchan expressed visible frustration with Blanche’s defense, stating, “You have presented nothing.” The judge further criticized Blanche’s assertion that Trump had carefully adhered to the gag order preventing him from publicly criticizing witnesses. “You’re losing all credibility with the court,” Merchan declared.

Blanche attempted to argue that Trump had not intended to violate the gag order, but Merchan remained unsatisfied. When Blanche suggested there were “two systems of justice” in the courtroom, referencing the imprisonment of Trump Organization CFO Allen Weisselberg, Merchan sharply responded, “Is that what you are saying?”

The contempt hearing intensified as Blanche defended Trump’s social media posts as mere responses to attacks, yet failed to provide clear examples. The trial continues to captivate the nation as it marks the first time a former U.S. president faces criminal charges.

Stay tuned for further developments in this historic case. 

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