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Weekly Market Snapshot: June 9–13, 2026

Canadian markets closed out a turbulent week on a positive note, as the Bank of Canada's decision to hold its benchmark rate at 2.25% and easing Iran tensions helped the TSX recover from a mid-week dip to finish the week up roughly 1.53% . A surprise Dollarama earnings beat gave the retail sector an additional lift. 📊 Market Scoreboard — Week of June 9–13 Index / Asset Level (Fri. Close) Weekly Change S&P/TSX Composite 34,937.85 ▲ +1.53% S&P 500 (USD) ~7,431 ▲ ~+0.6% wk Dow Jones (USD) 51,202 ▲ +0.7% Fri CAD/USD 0.7160 ▼ Modest pressure WTI Crude Oil (USD/bbl) ~$84.29 ▼ 8-wk low Gold (USD/oz) ~$4,226 ▲ ~2.8% Sources: Yahoo Finance Canada, Trading Economics, TMX Money. Figures reflect approximate Friday close / intraday levels as of June 13, 2026. 🔑 5 Things That Moved Markets This Week 1 — Bank of Canada Holds at 2.25% The BoC held its benchmark rate steady on Wednesday, June 11 — as widely expected after Canada's May jobs report came in with a blowout 88,000 new pos...
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Diplomatic Tensions Rise Over U.S. Visit to Greenland

 

The Danish Prime Minister, Mette Frederiksen, has strongly criticized an upcoming visit by a high-profile U.S. delegation to Greenland, calling it "unacceptable pressure" on the semi-autonomous Danish territory. The visit, led by Usha Vance, wife of U.S. Vice President JD Vance, includes key figures such as National Security Adviser Mike Waltz and Energy Secretary Chris Wright. Scheduled from Thursday to Saturday, the delegation plans to visit an American military base and attend Greenland's national dog sled race.

Frederiksen's remarks come amidst heightened tensions, as U.S. President Donald Trump has reiterated his interest in acquiring Greenland, citing its strategic importance for national security. Greenland's acting head of government, Múte Egede, has labeled the visit a "provocation," coinciding with local elections and coalition talks.

The visit has sparked protests across Greenland, with many Greenlanders opposing U.S. annexation. Frederiksen emphasized that Greenland's future should be decided by its people, rejecting any external pressure. 

This diplomatic standoff highlights the complexities of Arctic geopolitics and the challenges of balancing national interests with respect for sovereignty.

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