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Gulf War Flare-Up: What the Latest U.S.–Iran Strikes Mean for Your Wallet

  The three-month-old war between the U.S.–Israel coalition and Iran escalated again this morning. Here's a plain-English breakdown of what happened — and what it means for your gas tank and grocery bill. What Happened on June 6? U.S. forces struck Iranian coastal radar sites on Saturday, June 6, after shooting down drones launched by Iran toward the Strait of Hormuz, according to the U.S. military. The U.S. military believes the four Iranian drones were targeting regional maritime traffic. U.S. Central Command said it struck Iran's surveillance sites in Goruk and Qeshm Island, both located on the Strait of Hormuz. Iran did not take that lying down: Iran's Revolutionary Guard Corps said it had targeted U.S. bases in Kuwait and Bahrain in retaliation and fired on four tankers attempting to cross the strait without its permission. U.S. forces also helped shoot down incoming Iranian missiles and drones directed at Kuwait and Bahrain — a barrage of seven ballistic missiles in t...
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TSX Retreats from Record High After Consumer Earnings Misses

 

                                            The facade of the original Toronto Stock Exchange building is seen in Toronto

 

Toronto’s S&P/TSX Composite Index edged down 0.1% to 27,884.47 on Thursday, pulling back from its recent record high as disappointing earnings from consumer-related stocks weighed on sentiment.

Key consumer names like Restaurant Brands International and Canadian Tire saw their shares tumble 4.3% and 4.6%, respectively, after missing second-quarter profit expectations. Rising advertising and supply chain costs were cited as major headwinds.

The retreat came amid broader investor caution following the implementation of new U.S. tariffs, with Canada facing a 35% rate after failing to reach a trade agreement. While the tariffs are limited in scope, they added to market jitters.

Gold miners offered a bright spot, with Oceangold surging 12.4% and Triple Flag Precious Metals up 7.3%, as investors sought safe-haven assets amid trade uncertainty.


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