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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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Bloc Québécois Initiates Talks to Topple Liberal Government After Missed Deadline

 

The Bloc Québécois is poised to initiate discussions with other political parties to bring down the minority Liberal government. This move comes after the Liberals failed to meet a crucial deadline to pass two key bills. Bloc Leader Yves-François Blanchet had set the deadline last month, warning that failure to comply would lead to serious political consequences.

The two bills in question are pivotal for the Bloc, with one focusing on safeguarding supply management in trade negotiations. Despite having government support, this bill is still under Senate review. The Bloc’s decision to proceed with talks signals a significant escalation in political tensions, potentially leading to a vote of no confidence and triggering an election.

Blanchet’s firm stance underscores the Bloc’s commitment to its legislative priorities and its readiness to challenge the Liberal government’s stability. As discussions begin, the political landscape in Ottawa is set for a period of heightened uncertainty and strategic maneuvering.

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