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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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Wall Street Ends Tumultuous Week on a High Note

 

Wall Street wrapped up a volatile week with a positive finish, as major U.S. stock indexes rebounded on Friday. The Dow Jones Industrial Average climbed 1.6%, the S&P 500 rose 1.8%, and the tech-heavy Nasdaq Composite gained 2.1%. 

This recovery followed a week of dramatic swings, largely driven by escalating trade tensions between the United States and China. President Trump's tariff policies created uncertainty in the markets, with reciprocal tariffs reaching as high as 145% on Chinese imports. Despite the turbulence, optimism emerged after the White House hinted at potential progress in trade negotiations.

Investors remain cautious, as the broader market is still down year-to-date. However, Friday's gains provided a much-needed boost to close out a rollercoaster week on a hopeful note.

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