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Markets Update: Futures Bounce After U.S. Iran Strikes; BoC Holds at 2.25%

  Thursday, June 11, 2026  |  Canadian Money Brief Markets are looking to snap a two-day losing streak this Thursday. After a brutal Wednesday session — where the Dow shed more than 950 points and U.S. inflation hit a three-year high — futures are pointing higher this morning as investors assess the latest escalation, and swift conclusion, of U.S. strikes on Iran overnight. Meanwhile, the Bank of Canada made its policy call yesterday, and Canadians are digesting what a fifth straight rate hold means for their wallets. 🍁 Canada: BoC Holds, TSX Eyes a Rebound The dominant Canadian story is the Bank of Canada's decision yesterday to hold its overnight rate at 2.25% — the fifth consecutive hold, and widely expected. Governor Tiff Macklem struck a notably cautious tone, signalling the next move could go either way: a cut if the trade war with the U.S. deepens and weighs on the economy, or a hike if Middle East-driven energy inflation becomes entrenched. Canadian inflation c...
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Market Turmoil: UnitedHealth's Plunge Sends Dow Spiraling Amid Weekly Losses

The stock market faced another turbulent session as UnitedHealth (UNH) shares plummeted over 22%, dragging the Dow Jones Industrial Average down by more than 500 points. The Nasdaq Composite and S&P 500 struggled to find footing, with both indexes sputtering after Wednesday’s tech-led sell-off.

UnitedHealth’s sharp decline followed a cut in its full-year profit forecast, making it the worst-performing Dow component of the day. The broader market also felt the weight of uncertainty surrounding trade policies and Federal Reserve decisions, as Fed Chair Jerome Powell warned of economic challenges ahead  due to tariffs.

Despite a slight rebound in the S&P 500, all three major indexes closed the week lower, with the Dow and Nasdaq falling over 2.5% and the S&P 500 down around 1.5%. Investors now turn their attention to upcoming earnings reports and economic indicators that could shape market sentiment in the coming weeks.


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