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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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Stock Market Stumbles Post-Christmas as Investors Eye Jobs Data

                                        

U.S. stock futures fell Thursday as trading resumed after the Christmas holiday, with Wall Street bracing for the release of weekly jobless claims data. Futures tied to the S&P 500 and Nasdaq declined by 0.3%, while Dow Jones Industrial Average futures dropped 0.4%.

The market's struggle to extend the "Santa Claus rally" saw major indexes like the S&P 500 and Nasdaq nearing record highs after recovering from a Fed-fueled dip last week. Investors are now keenly awaiting the jobless claims report, which has taken on greater significance in the absence of other economic data this week.



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