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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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Smoke from Prairie Wildfires Triggers Air Quality Alerts Across Canada

     

                            Special air-quality warnings, statements across Canada from Prairies wildfire smoke


Wildfire Smoke Blankets Canada: Health Warnings Issued Nationwide

Smoke from intense wildfires sweeping through the Canadian Prairies has prompted widespread air-quality warnings across the country. Environment Canada has issued special air-quality statements for multiple provinces, including Ontario, Quebec, and parts of British Columbia, as thick smoke drifts eastward from Alberta and Saskatchewan.

The smoke contains fine particulate matter that poses serious health risks, especially for children, seniors, and people with respiratory conditions. Officials are urging residents to limit outdoor activities, keep windows closed, and use air purifiers if available. In some regions, the air quality index has reached “very high risk” levels, with visibility reduced and a noticeable haze blanketing cities.

Meteorologists warn that shifting winds could prolong the smoky conditions for several days. The wildfires, fueled by dry weather and strong winds, continue to burn out of control, straining firefighting resources and forcing evacuations in affected communities.

Health experts advise Canadians to monitor local air quality reports and take precautions to protect themselves from the harmful effects of wildfire smoke.


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