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TSX Climbs as Geopolitical Tensions Ease, Bank of Canada Decision Looms

  Markets at a Glance – June 9, 2026 Global markets are starting Tuesday on a cautiously optimistic note. The TSX is building on Monday's gains, U.S. futures are pointing higher across the board, and energy stocks continue to find support from elevated oil prices. But the biggest Canadian story arrives tomorrow: the Bank of Canada's interest rate decision on June 10 is front of mind for investors, mortgage holders, and anyone keeping an eye on the loonie. 🇨🇦 Canada – TSX Composite The S&P/TSX Composite Index closed Monday at approximately 34,479 , recovering solidly after Friday's sharp pullback. Eight of ten TSX sectors finished in positive territory, led by energy (+2.3%) and materials (+0.9%) as oil prices rebounded and geopolitical tensions showed early signs of de-escalation. Mining names including K92 Mining and Ivanhoe Mines were among the notable gainers. The index is now up roughly +8.7% year-to-date — second only to Japan's Nikkei among major global ...
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Senate Republicans Advance Trump's Tax Cut Agenda Amidst Controversy


In a significant political move, U.S. Senate Republicans have passed a budget blueprint aimed at extending President Donald Trump's 2017 tax cuts. The measure, approved after an intense late-night session, allows Republicans to bypass the Senate's filibuster and proceed with tax, border security, and military priorities without Democratic support.

The blueprint proposes making the 2017 tax cuts permanent, which reduced the corporate tax rate from 35% to 21%. However, the individual tax cuts, set to expire this year, are also included in the plan. Critics argue that the measure could add $5.7 trillion to the federal debt over the next decade, though Republicans estimate the cost at $1.5 trillion.

Democrats have voiced strong opposition, warning that the plan could jeopardize Medicaid and other essential programs. Senate Democratic Leader Chuck Schumer criticized the move as favoring the wealthy at the expense of middle-class Americans.

The measure now heads to the Republican-led House of Representatives for further debate. Its passage marks a pivotal step in advancing Trump's economic agenda, though it faces significant scrutiny and potential hurdles in the coming weeks.

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