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

New Alliance Against ISIS: Turkey Joins Neighbors in Syrian Fight


In a bold regional move, Turkey announced it will join forces with Syria, Iraq, and Jordan to confront the lingering threat of the Islamic State group in Syria. Turkish Foreign Minister Hakan Fidan emphasized that this coordinated effort aims not only to dismantle ISIS’s remaining footholds but also to recalibrate U.S. involvement in the region, particularly by reducing support for Kurdish-led militias that Turkey deems as extensions of the PKK.

Speaking at a press conference in Doha alongside regional leaders, Fidan criticized the current role of the Kurdish YPG, arguing that instead of actively combating ISIS, the group is largely occupied with guarding thousands of ISIS detainees. He suggested that a united regional front would be more effective in eradicating the extremist threat and would allow the United States to reconsider its long-standing alliance with the Kurdish forces.

Preliminary talks among the four nations have already taken place, setting the stage for joint military operations and intelligence sharing. The proposed alliance reflects Turkey’s strategic pivot in the region—seeking to reinforce its national security while pushing for a realignment of external military support in Syria. Critics of U.S. policy, including Turkish officials, hope that this new coalition could prompt a reassessment of Western engagement, especially concerning Kurdish forces in Syria.



Labels:

Comments

Post a Comment