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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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Wall Street Rises as Earnings Pour In and Jobs Data Looms

 

U.S. stock futures climbed Tuesday morning, signaling a potentially record-breaking session as investors digested a flood of corporate earnings and braced for key economic data later this week.

  • S&P 500 futures rose 0.3%, building on a streak of five consecutive all-time closing highs.
  • Dow Jones Industrial Average futures edged up 0.2%.
  • Nasdaq 100 futures led gains with a 0.5% increase, driven by strength in tech stocks.

This week marks a pivotal moment for markets, with the Federal Reserve's two-day policy meeting kicking off and the JOLTS job openings report for June expected later today. These will culminate in Friday’s nonfarm payrolls report, offering a comprehensive snapshot of the labor market.

Meanwhile, earnings season continues to dominate headlines:

  • Spotify and UnitedHealth disappointed investors with weaker-than-expected results.
  • Boeing and Starbucks are under scrutiny for signs of turnaround and tariff impact.
  • Tech giants Apple, Amazon, Microsoft, and Meta are set to report later this week.

Adding to the market’s complexity is President Trump’s looming deadline for international trade deals, which could trigger blanket tariffs if unmet. Despite these uncertainties, optimism around a potential extension to the U.S.-China trade truce has buoyed stocks like Nvidia, which surged after news of a massive chip order from TSMC.

With consumer confidence and home price data also on deck, investors are navigating a week packed with catalysts that could reshape market momentum.


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