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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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Tragic Collision Over Potomac River: 67 Lives Lost in D.C. Plane Crash

In a devastating incident, an American Airlines flight collided with a U.S. Army Black Hawk helicopter over the Potomac River near Ronald Reagan Washington National Airport, resulting in the tragic loss of 67 lives. The crash occurred last night, and both flight data recorders, or "black boxes," from the American Airlines jet have been recovered for investigation.

The National Transportation Safety Board (NTSB) is leading the investigation to determine the cause of the collision. Among the victims were elite figure skaters returning from a training camp in Wichita, Kansas, and their coaches. The crash has raised concerns about air traffic control staffing levels at the time of the incident, although it remains unclear what role this may have played.

President Donald Trump has expressed condolences and emphasized the need for a thorough investigation. The NTSB has promised a "whole-of-government effort" to uncover the truth behind this tragic event.

As the investigation continues, families and communities across the nation mourn the sudden loss of their loved ones. The scene of the crash is now marked by tributes and flowers left by those grieving.



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