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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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Tensions Flare at White House as Zelensky, Trump, and Vance Clash

In a dramatic turn of events, a meeting at the White House between Ukrainian President Volodymyr Zelensky, U.S. President Donald Trump, and Vice President JD Vance erupted into a heated exchange. The meeting, initially intended to celebrate a mineral rights deal between the United States and Ukraine, quickly devolved into a shouting match.

The confrontation began when Vice President Vance accused Zelensky of showing a lack of gratitude for the aid provided by the United States to combat Russia's invasion of Ukraine. Vance's comments were met with a strong response from Zelensky, who defended his country's position and expressed the need for continued support.

President Trump, visibly frustrated, raised his voice and warned Zelensky about the potential consequences of his actions, stating that he was "gambling with World War III". The tense atmosphere in the Oval Office was palpable as the leaders exchanged sharp words in front of reporters.

The meeting, which was supposed to mark a significant step forward in U.S.-Ukraine relations, instead highlighted the deep-seated tensions and differing perspectives between the leaders. The fallout from this confrontation remains to be seen, but it has undoubtedly added a new layer of complexity to the ongoing discussions between the two nations.

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