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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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Mexico Prepares for Potential Tariffs with Contingency Plans

Mexico is bracing itself for the possibility of U.S. President Donald Trump imposing tariffs on its goods. President Claudia Sheinbaum assured the public during a press conference that the country is well-prepared with multiple contingency plans, though she refrained from disclosing specific details. "We have a plan B, C, D," Sheinbaum stated, emphasizing Mexico's readiness for any outcome.

The tariff threat stems from U.S. concerns over issues like synthetic drug trafficking and migrant arrivals at its borders. Trump has criticized both Mexico and Canada for not taking stronger action on these matters. In response, Mexican officials recently engaged in diplomatic talks with their U.S. counterparts in Washington, which Sheinbaum described as "cordial" and productive.

While the outcome remains uncertain, Sheinbaum's reassurances highlight Mexico's proactive approach to safeguarding its economy and maintaining strong bilateral relations with the U.S.

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