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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's Measles Crisis: A Community on High Alert

In the heart of Ontario, a measles outbreak has gripped the province, marking the largest surge since the disease was declared eliminated in Canada in 1998. With over 470 cases reported since October, the outbreak has spread across multiple regions, including Southwestern Ontario and Grand Erie, where the majority of cases are concentrated. 

The highly contagious nature of measles, coupled with low vaccination rates in certain areas, has fueled the rapid spread. Public health officials are urging residents to ensure their immunizations are up-to-date, as unvaccinated children account for most of the hospitalizations. 

Efforts to contain the outbreak include enhanced surveillance, public awareness campaigns, and the use of innovative tools like wastewater testing in cities like Ottawa. This method, though still in its early stages, offers a promising way to detect the virus and prevent further spread. 

As Ontario battles this public health challenge, the importance of vaccination and community vigilance has never been clearer. The fight against measles is a reminder of the collective responsibility to protect the most vulnerable among us.

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