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Weekly Market Snapshot: June 9–13, 2026

Canadian markets closed out a turbulent week on a positive note, as the Bank of Canada's decision to hold its benchmark rate at 2.25% and easing Iran tensions helped the TSX recover from a mid-week dip to finish the week up roughly 1.53% . A surprise Dollarama earnings beat gave the retail sector an additional lift. 📊 Market Scoreboard — Week of June 9–13 Index / Asset Level (Fri. Close) Weekly Change S&P/TSX Composite 34,937.85 ▲ +1.53% S&P 500 (USD) ~7,431 ▲ ~+0.6% wk Dow Jones (USD) 51,202 ▲ +0.7% Fri CAD/USD 0.7160 ▼ Modest pressure WTI Crude Oil (USD/bbl) ~$84.29 ▼ 8-wk low Gold (USD/oz) ~$4,226 ▲ ~2.8% Sources: Yahoo Finance Canada, Trading Economics, TMX Money. Figures reflect approximate Friday close / intraday levels as of June 13, 2026. 🔑 5 Things That Moved Markets This Week 1 — Bank of Canada Holds at 2.25% The BoC held its benchmark rate steady on Wednesday, June 11 — as widely expected after Canada's May jobs report came in with a blowout 88,000 new pos...
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Hollywood Faces Uncertain Future as Trump Announces 100% Tariff on Foreign Films

 

In a move that has sent shockwaves through the global film industry, President Donald Trump has announced a 100% tariff on all movies produced outside the United States. The decision, revealed via his Truth Social platform, is aimed at revitalizing the American movie industry, which he claims is "dying a very fast death" due to foreign incentives luring productions away from Hollywood.  

Trump has authorized the Department of Commerce and the U.S. Trade Representative to begin implementing the tariff immediately. However, details on how the policy will be enforced remain unclear, leaving industry insiders scrambling to assess its potential impact.  

The announcement has sparked concern and confusion among filmmakers, particularly those involved in international productions. Many Hollywood blockbusters, including franchises like Mission: Impossible and Avatar, rely on overseas locations for filming. The tariff could significantly increase costs for studios and disrupt ongoing projects.  

Critics argue that the move could harm rather than help the U.S. film industry, as it may discourage international collaboration and limit the diversity of films available to American audiences. Meanwhile, supporters believe it could encourage more domestic production and bring jobs back to Hollywood.  

As the industry awaits further clarification, one thing is certain—Trump’s latest trade policy has ignited a fierce debate over the future of filmmaking in America.  



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