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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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Starbucks Challenges Labor Agency in Supreme Court Case


In a significant legal battle, Starbucks is facing off against the National Labor Relations Board (NLRB) before the U.S. Supreme Court. The case centers around the company’s decision to fire seven workers who were actively involved in unionization efforts at a Tennessee store. Here are the key details:

  1. Background:

    • After Starbucks dismissed the seven workers for their unionization activities, the NLRB obtained a court order requiring the company to rehire them.
    • Now, Starbucks is seeking to limit the government’s power in such cases by challenging the NLRB’s actions.

  2. Supreme Court Hearing:

    • Justices are scheduled to hear Starbucks’ case against the NLRB.
    • If the court rules in favor of Starbucks, it could make it more difficult for the NLRB to intervene when it alleges corporate interference in unionization efforts.

  3. The Controversy:

    • Starbucks argues that the NLRB’s standards for requesting temporary injunctions against companies lack consistency across federal appeals courts.
    • Temporary injunctions can be burdensome for companies, as the NLRB’s administrative process can take years.

  4. Current Status:

    • Five of the seven workers involved in the case are still employed at the Memphis store, while the other two remain committed to the organizing effort.
    • The Memphis store voted to unionize in June 2022, but no labor agreement has been reached with Starbucks for any of the 420 company-owned U.S. stores that have voted to unionize since late 2021.

  5. Looking Ahead:

    • The hearing comes at a time when relations between Starbucks and Workers United (the union representing its workers) have improved. Both sides have resumed talks with the goal of reaching contract agreements this year.
    • The Supreme Court’s decision could have broader implications for labor rights and corporate accountability in unionization efforts.

In summary, Starbucks’ legal battle with the NLRB highlights the tension between corporate interests and workers’ rights. The outcome of this case could shape future labor disputes and the role of federal agencies in protecting employees’ right to organize.

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