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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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Usha Vance's Greenland Visit Amid U.S. Takeover Speculation

Second Lady Usha Vance is set to visit Greenland later this week, marking a significant moment as President Donald Trump continues to express interest in acquiring the Danish territory. The White House announced that Vance, accompanied by her son and a U.S. delegation, will explore historical sites, learn about Greenlandic heritage, and attend the Avannaata Qimussersu, Greenland's national dogsled race.

This visit comes amidst heightened tensions following President Trump's remarks about Greenland's strategic importance for national and international security. Trump has reiterated his desire to bring Greenland under U.S. control, citing its rich natural resources and geopolitical significance. Greenland's Prime Minister, Mute Egede, has criticized the visit as "highly aggressive," accusing the U.S. of demonstrating power over the territory.

While the White House has framed Vance's trip as a cultural celebration, the timing has raised eyebrows, especially as Greenland navigates its political future. The island's leaders have firmly rejected the idea of becoming part of the U.S., emphasizing their right to self-determination. 

The visit underscores the growing geopolitical interest in the Arctic region, with Greenland at the center of a complex tug-of-war between global powers. As the world watches, the implications of this visit could resonate far beyond the icy shores of Greenland.

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