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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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Canadian Troops May Be Sent to Ukraine as Part of Peace Deal, Says Trudeau



Prime Minister Justin Trudeau has announced that sending Canadian troops to Ukraine is a possibility under a potential peace deal. During a visit to Kyiv to mark the third anniversary of Russia's full-scale invasion of Ukraine, Trudeau stated that "everything is on the table" when it comes to supporting Ukraine.

Trudeau emphasized Canada's commitment to aiding Ukraine, including a pledge of $5 billion in aid using funds from seized Russian assets. He also mentioned that Canada will provide additional military support, such as light armoured vehicles and F-16 flight simulators.

Foreign Affairs Minister Mélanie Joly echoed Trudeau's sentiments, expressing Canada's interest in having more Canadians involved in protecting Ukraine. Ukrainian President Volodymyr Zelenskyy thanked Canada for its continued support, particularly in training soldiers and supplying optical parts for drones.

As discussions continue, the possibility of Canadian troops being deployed to Ukraine remains a significant consideration in the efforts to establish a lasting peace.


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