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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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Israel Orders Evacuation of Gaza Humanitarian Zone Amid Ongoing Conflict

 

The Israeli military has ordered the evacuation of part of the Gaza Strip’s humanitarian zone, citing the presence of Hamas militants who have embedded themselves in the area. This zone, located in the southern Gaza Strip, has been a refuge for many Palestinians displaced by the ongoing conflict.

The evacuation order affects the eastern part of the al-Muwasi humanitarian zone. The Israeli military stated that Hamas militants have been using this area to launch rockets towards Israel, necessitating the evacuation to ensure civilian safety and to target the militants more effectively.

The humanitarian situation in Gaza remains dire, with many residents living in makeshift camps lacking basic sanitation and medical facilities. The conflict has resulted in significant casualties and displacement, with over 38,900 people reported dead since the war began.

Negotiations for a cease-fire continue, with efforts from Egypt, Qatar, and the United States to mediate a phased agreement between Israel and Hamas. Despite these efforts, the humanitarian crisis in Gaza persists, exacerbated by the ongoing military operations and the deteriorating living conditions for its residents.

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