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

Trump Administration Repeals Biden-Era Order on U.S.-Supplied Weapons and Human Rights

 

In a significant policy shift, the Trump administration has rescinded a Biden-era order that required the U.S. government to report potential violations of international law involving U.S.-supplied weapons by allies, including Israel. The order, known as National Security Memorandum-20 (NSM-20), was signed by former President Joe Biden in February 2024 amid concerns over Israel's use of American bombs in its war in Gaza.

NSM-20 mandated that the U.S. government produce reports for Congress on the use of U.S. arms by other countries, ensuring that these weapons were not used in violation of international humanitarian law. However, the Trump administration, through an order issued by White House National Security Adviser Michael Waltz on February 21, has repealed this memorandum.

The decision has sparked controversy, with U.S. Senator Chris Van Hollen of Maryland, a key proponent of congressional oversight of U.S. arms sales, calling the move "shameful" and a disservice to national security and global human rights. Van Hollen emphasized that the revocation undermines American taxpayers' right to ensure their dollars align with U.S. laws and national interests.

The Trump administration's decision to rescind NSM-20 has raised concerns about the credibility of assurances from U.S. allies, such as Israel, regarding their adherence to international humanitarian law when using U.S.-supplied weapons. Critics argue that this move reflects a blatant indifference to American values and a retreat from the principles of human rights and accountability.


Labels:

Comments

Post a Comment