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5 Things to Know Today — June 24, 2026

  Your quick Canadian personal finance briefing — markets, rates, inflation & more. 1  |  Markets TSX Under Pressure Mid-Week as Base Metals and Tech Slide X Composite is tracking lower Tuesday, weighed down by losses in the base metals and technology sectors. The index had bounced back Monday, closing at 35,002 — up 0.4% — as investors assessed progress in U.S.-Iran peace talks and Canada's May inflation print. Oil prices eased on hopes that Strait of Hormuz shipping lanes could gradually reopen, providing some relief on the energy-inflation front. Banking stocks remain a relative bright spot after last week's regulatory capital news (see #4 below), with RBC and BMO each posting gains of more than 1% earlier in the week. 2  |  Inflation May CPI Climbs to 3.2% — But Core Inflation Stays Tame Canada's annual inflation rate rose to 3.2% in May , up from 2.8% in April and above the market consensus of 3.0% — the highest headline reading since September 2023. Ga...
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Arctic Chill and Lake-Effect Snow Squalls Grip Ontario

Ontario is currently experiencing a dangerous Arctic freeze, with lake-effect snow squalls continuing to impact the region. The Arctic airmass has brought bitterly cold temperatures, causing snow squalls off the still-unfrozen Great Lakes. Snow squall watches and warnings are in effect for several areas, with parts of southern Ontario expected to see over 40 cm of snow accumulation through Wednesday.

Extreme cold warnings have been issued for all of northern Ontario, where wind chills as low as -50°C are forecast. These frigid conditions pose a significant risk of frostbite and hypothermia, with temperatures expected to remain below freezing for the next few days.

Residents are advised to bundle up with extra layers, limit outdoor exposure, and be cautious while traveling due to poor visibility and slippery road conditions. Stay safe and warm during this extreme weather event!


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