Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Israel Successfully Intercepts Houthi Missile from Yemen


The Israeli Defense Forces (IDF) successfully intercepted a ballistic missile launched by Yemen's Iran-backed Houthi rebels late Monday night. The missile was intercepted before it entered Israeli airspace, triggering sirens across central Israel. Fortunately, there were no reports of casualties or major damage.

The Houthi rebels have been launching missiles and drones at Israel since the start of the war in Gaza on October 7, 2023, claiming solidarity with Palestinians. This recent attack is part of a series of missile launches aimed at Israel, with the Houthis vowing to continue their assaults until the Gaza conflict ends.

In response to the missile launch, Israel conducted retaliatory strikes targeting Houthi infrastructure, including the Sanaa International Airport and power stations. The United States and the United Kingdom have also conducted strikes against Houthi targets in the Red Sea area.

The situation remains tense as both sides continue their attacks, raising concerns about the potential for further escalation in the region.




Labels:

Comments

Post a Comment