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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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Canada’s Inflation Eases to 2.3% in March, but Core Pressures Persist

Canada’s annual inflation rate unexpectedly slowed to 2.3% in March down from 2.6% in February, according to Statistics Canada. The decline was largely driven by lower gasoline and travel costs, which helped offset rising prices in other sectors.  

Despite the overall slowdown, core inflation measures remained elevated, signaling persistent underlying price pressures. The CPI-median, which tracks the central trend of price changes, held steady at 2.9%, while the CPI-trim, which excludes extreme price fluctuations, edged down slightly to 2.8%.  

The inflation report comes just ahead of the Bank of Canada’s monetary policy decision, scheduled for Wednesday. Analysts are closely watching whether the central bank will adjust interest rates in response to the latest data.  



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