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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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Ontario PCs Unveil $40-Billion Platform, Promise to Eliminate Alcohol Floor Price

Ontario's Progressive Conservatives, led by Doug Ford, have unveiled a campaign platform promising up to $40 billion in new spending. This announcement comes just three days before the provincial election. The platform includes several previously unannounced measures, such as a $5-billion Protect Ontario Account to counter potential U.S. tariffs, $705 million to expand STEM and skilled trades training at post-secondary institutions, and $50 million to support modular housing technology.

One of the most notable promises is the proposal to eliminate the minimum retail price for liquor. Currently, the minimum price for a 750-millilitre bottle of vodka is set to rise to $31.15 this weekend. Ford argues that removing the floor price will save consumers money and put more money back into their pockets, likening it to a tax break.

The platform, however, does not include a full costing breakdown of how these promises will be funded. Ford defended the absence of detailed cost estimates by citing his government's track record of fiscal responsibility over the past seven years.

As the election day approaches, voters will have to weigh these ambitious promises against the potential impact on the province's budget and economic stability.


: [Source 1](https://www.msn.com/en-ca/news/canada/ontario-pcs-make-40b-in-platform-promises-pledge-to-axe-floor-price-for-alcohol/ar-AA1zEG0C)

: [Source 2](https://ca.news.yahoo.com/doug-fords-pcs-promise-40b-174158783.html)

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