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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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Dollarama's Expansion: New Opportunities and Employee Rights in Ontario

 

Dollarama is set to significantly expand its presence in Canada, aiming to open hundreds of new stores over the next decade. This ambitious plan is expected to create numerous employment opportunities across the country, particularly in Ontario. However, as the company grows, it's crucial for potential employees to be aware of their rights under Ontario's Employment Standards Act (ESA).


Here are three key rights that non-unionized workers should know:

1. No Rush to Sign Employment Contracts: Employees are not required to sign an employment contract immediately upon receiving a job offer. It's advisable to consult with an employment lawyer to ensure that the contract protects your rights.

2. Severance Pay During Probation: Even if you're fired during a probationary period, you might still be entitled to severance pay. The presence of a "probation clause" in your contract does not necessarily negate this right.

3. Inducement and Severance Entitlements: If you're recruited from another job and then terminated shortly after, you may be entitled to additional severance pay due to the inducement.

As Dollarama continues its expansion, understanding these rights can help employees navigate their employment journey with confidence and security.




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