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Weekly Market Snapshot: June 9–13, 2026

Canadian markets closed out a turbulent week on a positive note, as the Bank of Canada's decision to hold its benchmark rate at 2.25% and easing Iran tensions helped the TSX recover from a mid-week dip to finish the week up roughly 1.53% . A surprise Dollarama earnings beat gave the retail sector an additional lift. 📊 Market Scoreboard — Week of June 9–13 Index / Asset Level (Fri. Close) Weekly Change S&P/TSX Composite 34,937.85 ▲ +1.53% S&P 500 (USD) ~7,431 ▲ ~+0.6% wk Dow Jones (USD) 51,202 ▲ +0.7% Fri CAD/USD 0.7160 ▼ Modest pressure WTI Crude Oil (USD/bbl) ~$84.29 ▼ 8-wk low Gold (USD/oz) ~$4,226 ▲ ~2.8% Sources: Yahoo Finance Canada, Trading Economics, TMX Money. Figures reflect approximate Friday close / intraday levels as of June 13, 2026. 🔑 5 Things That Moved Markets This Week 1 — Bank of Canada Holds at 2.25% The BoC held its benchmark rate steady on Wednesday, June 11 — as widely expected after Canada's May jobs report came in with a blowout 88,000 new pos...
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Tech Stocks Decline Amid “Triple Witching” and Nvidia’s Rebalance


The stock market experienced a pullback as tech stocks faced pressure, and a significant options expiration loomed. Here are the key points:

  1. Tech Under Pressure:

    • Tech stocks, including megacap companies, declined.
    • Nvidia Corp. led the losses in this segment.

  2. Triple Witching:

    • Wall Street faced a quarterly event known as “triple witching.”
    • Derivatives contracts tied to stocks, index options, and futures were set to mature.
    • About $5.5 trillion in contracts were expiring, compelling traders to adjust positions.

  3. Volatility and Vulnerability:

    • Short interest in major equity ETFs hit record lows.
    • Lack of bearish investors signaled vulnerability to negative news.
    • Implied volatility on S&P 500 options remained low.

  4. Nvidia’s Rebalance:

    • Nvidia’s sharp rally prompted the Technology Select Sector SPDR Fund (XLK) to rebalance.
    • Over $10 billion of Nvidia shares were acquired, while Apple’s weight was significantly reduced.

  5. AI Frenzy and Inflows:

    • Nvidia’s AI-related surge made it briefly the world’s most valuable company.
    • Record inflows flowed into tech funds, driven by the ongoing artificial intelligence frenzy.

In summary, tech stocks faced headwinds, and market participants closely watched Nvidia’s earnings and rebalancing dynamics. The landscape remains dynamic, with implications for investors and traders alike.


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