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  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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Toronto Airport Gold Heist Loot Melted in Local Jewelry Store’s Basement Forge

 

In a daring heist at Toronto Pearson International Airport, a staggering 400 kilograms of nearly pure bullion bars were stolen. However, the story took an unexpected twist when police discovered that a significant portion of the stolen gold had been melted down and transformed in the basement of a local jewelry store.

The intricate operation involved smelting equipment, which turned molten gold into long, thin strips. Additionally, another machine was used to twist and shape the metal into bracelets. The basement forge contained an oxy-acetylene torch and crucibles, indicating a sophisticated setup for melting and reshaping the precious metal.

The stolen gold, valued at a jaw-dropping $14.5 million, was not only melted down but also used to purchase illegal firearms. Among those charged in connection with the heist are an Air Canada warehouse employee, a former Air Canada manager who provided police with a tour of the cargo facility after the theft, and even a jewelry store owner.

During the investigation, police seized six crudely made gold bracelets, valued at approximately $89,000. These bracelets were likely part of the disguised loot, cleverly transformed from stolen bullion bars. The jewelry store owner’s involvement adds an intriguing layer to this audacious crime.

In summary, the Toronto airport gold heist not only captivated the world with its audacity but also revealed an underground operation where stolen gold met its fiery fate in the basement of a seemingly ordinary jewelry store. The saga of molten gold and twisted metal will undoubtedly remain a fascinating chapter in criminal history.


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