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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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U.S. Embassy in Kyiv Closes Amid Warnings of Significant Russian Air Attack

 

In a precautionary move, the U.S. Embassy in Kyiv has temporarily closed its doors following warnings of a potentially significant Russian air attack. The embassy issued a statement advising employees to shelter in place and recommended that U.S. citizens in Kyiv be prepared to take immediate shelter if an air alert is announced.

This closure comes amid heightened tensions after the U.S. authorized the use of longer-range missiles by Ukraine, which were reportedly used in a recent attack on a Russian weapons warehouse. The Kremlin has responded with threats of retaliation, further escalating the conflict that has already seen frequent missile and drone attacks on Ukrainian infrastructure.

The embassy’s warning is notable for its specificity, as air attacks have become a near-daily occurrence in Ukraine. However, the recent developments have added a new layer of urgency and caution to the situation.


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