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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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Israeli Airstrike Eliminates Senior Hezbollah Commander in Southern Lebanon

 

In a significant escalation of hostilities, an Israeli airstrike has killed a high-ranking commander in Hezbollah’s elite Radwan forces, according to security sources. The commander, identified as Habib Maatouk, was targeted in southern Lebanon on Thursday.

Maatouk had recently assumed his position following the death of his predecessor, Ali Ahmed Hassin, who was also killed in an Israeli strike earlier this year. The latest attack is part of ongoing tit-for-tat violence between Israel and Hezbollah, which has intensified since October 2023 when Hezbollah declared a “support front” with Palestinians following a major Hamas attack on southern Israel.

The airstrike hit the border villages of Safad El Batikh and Jmaijmeh, resulting in multiple casualties. Eighteen wounded individuals were taken to Tebnin government hospital, with two reported in critical condition. The conflict has led to significant destruction in Lebanese border towns, reminiscent of the 2006 Israel-Lebanon war.

This incident underscores the fragile and volatile nature of the region, with both sides continuing to engage in aggressive military actions. The international community remains concerned about the potential for further escalation and the humanitarian impact on civilians caught in the crossfire.


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