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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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Alaska Airlines Restores Flights After System-Wide IT Outage

 


Alaska Airlines resumed operations early Monday morning, July 21, after a major IT outage grounded its entire fleet for approximately three hours.

The outage, which began around 8 p.m. Pacific Time on Sunday, affected both Alaska Airlines and its regional subsidiary, Horizon Air. The airline requested a temporary, system-wide ground stop from the Federal Aviation Administration (FAA), halting all flights nationwide.

By 11 p.m. Pacific Time, the technical issues were resolved, and flight operations gradually resumed. Alaska Airlines issued a statement apologizing for the disruption and advised passengers to check their flight status before heading to the airport.

While the root cause of the outage remains undisclosed, some cybersecurity experts have speculated possible links to recent aviation-targeted ransomware activity. The airline noted that residual delays may continue as aircraft and crews are repositioned to restore normal service levels.

This marks the second major IT-related disruption for Alaska Airlines in just over a year, highlighting growing concerns about technological resilience in the aviation industry.

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