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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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LCBO Strike Continues Amidst Dispute Over Return-to-Work Protocol

 

A tentative agreement to end the two-week-long strike at the Liquor Control Board of Ontario (LCBO) has been thrown into question, with both sides accusing each other of bad faith bargaining. The Ontario Public Service Employees Union (OPSEU), representing 10,000 LCBO workers, announced that the strike would continue because the employer refused to sign a return-to-work protocol.

Despite initial optimism, the LCBO has stated that OPSEU introduced significant new monetary demands after the tentative deal was reached, which they argue should have been addressed during negotiations. The LCBO plans to file an unfair labour practice complaint against OPSEU.

The strike, which began on July 5, has been largely driven by concerns over Premier Doug Ford’s plan to allow convenience and grocery stores to sell ready-to-drink cocktails, a move that OPSEU claims threatens their jobs. The LCBO, however, maintains that this issue is not relevant to the bargaining table.

Negotiations had resumed earlier this week, with the LCBO offering wage increases, improved benefits for part-time workers, and the conversion of casual workers to permanent full-time positions. However, the failure to finalize the return-to-work protocol has left the strike ongoing, with no clear resolution in sight.


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