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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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Cyprus: 50 Years of Division and Reflection

 

On July 20, 2024, Cyprus marked the 50th anniversary of the Turkish invasion, a pivotal event that has left the island divided ever since. The day was observed with a mix of solemn commemorations and celebratory events, reflecting the deep-seated divisions between Greek Cypriots and Turkish Cypriots.

At dawn, air raid sirens wailed across Nicosia and other cities, a stark reminder of the invasion that began on this day in 1974. Greek Cypriots mourned the loss and displacement caused by the invasion, with memorial services and moments of silence held to honor the fallen. President Nikos Christodoulides emphasized the importance of reflection and the pursuit of peace, urging for renewed dialogue to resolve the ongoing division.

In contrast, Turkish Cypriots in the north celebrated what they view as a liberation from Greek Cypriot control. Turkish President Tayyip Erdogan attended a military parade in northern Nicosia, marking the event as a "peace and freedom operation". The celebrations included a display of military strength, symbolizing the enduring presence and support of Turkey in the region.

Despite recent improvements in relations between Greece and Turkey, the Cyprus issue remains a sensitive and unresolved matter. The island’s division continues to evoke strong emotions and differing narratives on both sides. Efforts for reunification have repeatedly stalled, with the last significant attempt collapsing seven years ago.

As Cyprus reflects on this significant milestone, the hope for a peaceful resolution remains, albeit tempered by the complexities of the past and present.



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