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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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Stock Futures Signal Sustained Rally Amid Positive Market Sentiment

 


In a promising start to the day, stock futures have edged higher, indicating that the recent market rally is not only holding but set to continue. Investors appear to be riding a wave of optimism as earnings season progresses, with several key companies reporting better-than-expected results.

The upbeat mood in the market is further bolstered by the performance of international markets and the sales of blockbuster drugs, which have led companies like Novartis to raise their guidance. This positive outlook is reflected in the pre-market gains across major indices, suggesting a robust opening for the trading day.

Despite some concerns over inflation and interest rate hikes, the overall sentiment remains bullish. Market analysts are closely monitoring the Federal Reserve’s signals, which could impact the trajectory of the rally. However, for now, the green arrows in the futures markets are pointing to a continuation of the upward trend that has characterized the past sessions.

As the market opens, all eyes will be on the performance of the stocks that have been the drivers of the rally, with investors hoping that the momentum will carry through to secure another day of gains.

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