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Markets on Edge as Bank of Canada Decides: TSX, Wall Street, and Oil in Focus — June 10, 2026

  All eyes are on Ottawa this morning. The Bank of Canada is set to release its interest rate decision at 9:45 a.m. ET today — and while markets widely expect a hold at 2.25% , the accompanying statement from Governor Tiff Macklem will be dissected for any signal about what comes next. Against a backdrop of volatile oil prices, a recent technical recession, and a still-fragile U.S.–Iran ceasefire, the stakes are higher than usual. Here's where the major markets stand heading into this pivotal session. 🇨🇦 Canada — TSX & the BoC Decision The S&P/TSX Composite has been navigating choppy waters. After a sharp 2.3% decline on June 5 — triggered by a blowout Canadian jobs report that added 88,000 positions, far exceeding forecasts — the index pulled back to trade near the 34,093 range on Tuesday before recovering somewhat to sit just above 34,500 . That jobs print, combined with a similar U.S. surprise, effectively closed the door on any rate cut hopes and forced a reasse...
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Israel Approves Ceasefire Deal with Gaza, Hostages to be Released

 

In a significant move towards peace, Israel’s security cabinet has approved a ceasefire deal with Hamas, paving the way for the release of dozens of hostages held in Gaza. The agreement, which is expected to take effect as early as Sunday, aims to halt the 15-month-long conflict that has caused widespread devastation in Gaza.

Under the terms of the deal, Hamas will release 33 Israeli hostages, including women, children, and elderly men, in exchange for hundreds of Palestinian prisoners held by Israel. The ceasefire is set to begin with a six-week phase, during which Israeli forces will withdraw from several areas, allowing hundreds of thousands of Palestinians to return to their homes.

The approval of the ceasefire deal comes after intense negotiations and last-minute complications. Despite opposition from hardliners within Prime Minister Benjamin Netanyahu’s coalition, the deal was ultimately approved by the security cabinet and is now awaiting final approval from the full cabinet.

The ceasefire and hostage release are seen as a crucial step towards easing hostilities in the region and providing much-needed humanitarian relief to the people of Gaza. The international community has welcomed the agreement, hoping it will lead to a lasting peace in the Middle East.




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