Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Liberal Leadership Candidates Prepare for First Debate

Tonight, the candidates vying to become the next leader of the Liberal Party of Canada will face off in the first of two live debates. With just two weeks remaining until the winner is announced and two days until voting begins, this debate is a crucial opportunity for Liberal supporters to see the candidates together.

The four remaining candidates are former central banker Mark Carney, former finance minister Chrystia Freeland, former House leader Karina Gould, and former MP Frank Baylis. The party disqualified former Ontario MP Ruby Dhalla on Friday, alleging she broke the rules, though she has filed an appeal for reinstatement.

The debate will be moderated by former TVA-Québec anchor Pierre Jobin and will be conducted in French. The winner of the race will replace Justin Trudeau as Liberal leader and potentially as prime minister, with an election expected soon after.

Mark Carney, considered the front-runner, has promised to balance the government's operational budget within three years while increasing spending on investments that grow the economy and create jobs. Chrystia Freeland has emphasized her connection to people who "work with their hands" and contribute to Canada's economy. Karina Gould has focused on bringing the party back to its grassroots for the next generation, while Frank Baylis has highlighted his experience in growing businesses.

The English-language debate is scheduled for Tuesday, also in Montreal, and will be moderated by former CBC host Hannah Thibedeau. Advance voting for party members opens on Wednesday, and the winner will be named on March 9.



Labels:

Comments

Post a Comment