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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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South Sudan Rejects Reports of Talks with Israel on Palestinian Resettlement



South Sudan’s foreign ministry has firmly denied claims that it is engaged in discussions with Israel to resettle Palestinians from Gaza. The statement came after media reports, citing unnamed sources, suggested that Israel was exploring the possibility of relocating Palestinians to the East African nation.

“These claims are baseless and do not reflect the official position or policy of the Government of the Republic of South Sudan,” the ministry said.

The Associated Press had earlier reported that Israeli officials were in contact with Juba over the proposal, which critics argue would move civilians from one conflict zone to another and potentially violate international law. Similar resettlement ideas have reportedly been floated with other countries, but many governments — including Somalia and Somaliland — have publicly rejected them in recent months.

The denial underscores South Sudan’s sensitivity to being drawn into the highly contentious issue of Gaza’s future, as the territory continues to face severe humanitarian and political crises.

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