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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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Fragile Ceasefire: Russia and Ukraine Exchange Blows Amid Minerals Deal Ratification

Despite a Moscow-declared 72-hour ceasefire, both Russia and Ukraine reported attacks on their forces, casting doubt on the truce’s effectiveness. The ceasefire, announced by Russian President Vladimir Putin, coincides with the 80th anniversary of the Soviet Union’s victory over Nazi Germany. However, Ukrainian officials accused Russia of violating its own ceasefire hundreds of times within the first few hours.  

Meanwhile, Ukraine’s parliament unanimously ratified a landmark minerals deal with the United States, a move expected to deepen strategic ties and facilitate reconstruction efforts. The agreement grants Washington access to Ukraine’s largely untapped mineral resources and establishes a joint investment fund for rebuilding the war-torn nation.  

Despite the ceasefire, Russian bombs struck northeastern Ukraine, killing at least one civilian, while artillery assaults continued along the 1,000-kilometer front line. Ukrainian Foreign Minister Andrii Sybiha condemned the ceasefire as a “farce,” citing ongoing Russian assault operations.  

As tensions persist, Putin welcomed Chinese President Xi Jinping to Moscow, underscoring Russia’s diplomatic efforts amid the ongoing conflict. Ukrainian President Volodymyr Zelenskyy, skeptical of the ceasefire, dismissed it as mere manipulation, arguing that it serves only to provide Putin with a peaceful backdrop for his Victory Day celebrations.  

With both sides exchanging accusations and hostilities continuing, the prospect of a lasting peace remains uncertain. The minerals deal, however, signals Ukraine’s commitment to strengthening its economic and strategic partnerships despite the ongoing war.

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