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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 Strikes Hezbollah Weapons Smuggling Sites in Syria Amid Ceasefire Tensions


Israeli aircraft struck Hezbollah weapons smuggling sites along Syria's border with Lebanon on Saturday, November 30, 2024, testing a fragile ceasefire that took effect earlier this week. The Israeli military stated that the sites were used to smuggle weapons from Syria to Lebanon, which it deemed a violation of the ceasefire terms.

The ceasefire, brokered by the United States and France, calls for an initial two-month truce, during which Hezbollah militants are to withdraw north of Lebanon's Litani River, and Israeli forces are to return to their side of the border. Despite the ceasefire, sporadic violence has continued, reflecting the uneasy nature of the agreement.

There was no immediate comment from Syrian authorities or Hezbollah. The Israeli military has accused Hezbollah of violating the ceasefire multiple times since it began on November 27, 2024. Lebanon has also accused Israel of ceasefire violations.

The situation remains tense as displaced residents return to their homes amid warnings from both the Israeli and Lebanese militaries to stay away from certain areas.


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