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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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Tiny Homes for the Homeless: A Controversial Solution in Toronto

 

The City of Toronto has requested the removal of tiny shelters for homeless individuals from St. James Park. These shelters, built by the non-profit organization Tiny Tiny Homes, were designed to provide temporary housing for those experiencing homelessness. The city cited safety concerns and interference with public use of the park as reasons for the removal.

Ryan Donais, the founder of Tiny Tiny Homes, started building these shelters to address the growing number of homeless encampments in Ontario. Each tiny home is equipped with a bed, a small kitchen, a solar panel for lights and a fan, and a diesel-fueled heating system. Despite the city's request, Donais and his supporters are advocating for alternative locations for the shelters and have started a petition to garner public support.

The city has acknowledged the good intentions behind the initiative but maintains that the shelters pose safety risks and interfere with city staff's outreach work. As the debate continues, the future of these tiny homes remains uncertain.


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