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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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Dramatic Israeli Hostage Rescue Leaves a Grim Toll in Gaza

 

In a daring operation, Israel successfully freed four hostages from the Gaza Strip. The hostages, including Noa Argamani, became symbols of hope during their eight-month captivity by Hamas. However, the rescue came at a devastating cost: at least 274 Palestinians lost their lives. The Gaza Health Ministry reported casualties without distinguishing between fighters and civilians.

The raid’s success sparked elation in Israel, but it also underscored the urgent need for a broader solution. While military force secured these four lives, it won’t suffice for the remaining captives. Both sides now face renewed pressure to negotiate a cease-fire and release the other hostages. As the conflict persists, the toll on civilians remains a grim reality.

Ultimately, a deal—rather than military might—holds the key to bringing most hostages home alive. Rear Adm. Daniel Hagari of the Israeli army acknowledged this truth, emphasizing the importance of negotiation. The challenge lies in finding common ground amid the ongoing conflict.


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