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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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Preserving the Priceless: Regulation Needed for the Saya de Malha Bank

                         


The Saya de Malha Bank, located in the Indian Ocean, is one of the largest submerged banks in the world, teeming with life and mystery. This underwater paradise is home to an extraordinary array of marine biodiversity, including delicate coral formations, schools of vibrant fish, and even endangered species. Its expansive seagrass beds play a critical role in combating climate change, acting as a carbon sink that absorbs and stores vast amounts of CO2. 

Despite its ecological significance, the Saya de Malha Bank remains largely unprotected, facing threats from overfishing, climate change, and unregulated activities. The absence of clear governance and conservation policies leaves this rich marine environment vulnerable to degradation. Experts emphasize the urgent need for international cooperation to establish regulations that preserve this underwater wonder. Protecting the Saya de Malha Bank is not only vital for marine ecosystems but also for the health of our planet as a whole.

Without swift action, we risk losing this unique haven of biodiversity. The call for regulation is not just a matter of ecological preservation—it's a responsibility to future generations who deserve to inherit a thriving, balanced ocean.

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