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

Military Dissent Deepens Netanyahu’s Gaza Dilemma

 

Fire burns as demonstrators and relatives of hostages block a road demanding the immediate release of hostages who were kidnapped during the deadly October 7 attack on Israel by Hamas, and the end of the war in Gaza, in Tel Aviv.


Israeli Prime Minister Benjamin Netanyahu is facing mounting internal resistance over his proposal to expand military operations in Gaza, with Chief of Staff Lt.-Gen. Eyal Zamir warning that a full takeover could entrap Israeli forces and endanger hostages still held by Hamas.

During a tense three-hour meeting, Zamir cautioned that reoccupying Gaza—territory Israel withdrew from two decades ago—could lead to a prolonged conflict and further destabilize the region. The Israeli military currently controls approximately 75% of Gaza, but has resisted calls to impose military rule or rebuild settlements.

Netanyahu, under pressure from far-right coalition partners and facing international calls for a ceasefire, argues that expanding operations is necessary to pressure Hamas and secure the release of hostages. However, critics—including former security chiefs and opposition leader Yair Lapid—warn that the strategy risks deepening Israel’s military and humanitarian crisis.

The UN has labeled the potential expansion “deeply alarming,” citing catastrophic consequences for Gaza’s already devastated civilian population. With over 61,000 Palestinians reported dead and famine looming, the debate over Gaza’s future has become a flashpoint in Israeli politics.

Defense Minister Israel Katz acknowledged Zamir’s right to voice concerns but affirmed that the military would follow government directives until all war objectives are achieved. Netanyahu is expected to present his strategy to the cabinet later this week.


Labels:

Comments

Post a Comment