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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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Mark Carney's Resounding Victory: A New Era for the Liberal Party


Mark Carney has been elected as the new leader of the Liberal Party in a decisive landslide victory, capturing nearly 86% of the vote. This marks a significant moment in Canadian politics, as Carney, a former governor of the Bank of Canada and the Bank of England, steps into the political spotlight with a strong mandate from his party.

Carney's leadership comes at a pivotal time, with the Liberal Party gearing up for an anticipated federal election. His economic expertise and fresh perspective are seen as key assets in addressing Canada's pressing challenges. In his victory speech, Carney emphasized the need for bold changes guided by Canadian values, signaling a shift in the party's direction.

Outgoing Prime Minister Justin Trudeau has pledged to assist with the transition, while Carney prepares to appoint his cabinet and outline his vision for the country's future. The political landscape is set for a dynamic shift as Carney takes the helm of the Liberal Party.

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