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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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Aftershocks of Austerity: Aid Cuts Cripple Afghanistan’s Earthquake Relief



A devastating 6.0 magnitude earthquake struck eastern Afghanistan on August 31, 2025, killing over 800 people and injuring nearly 2,800 across remote provinces like Nangarhar and Kunar. Entire villages were flattened, and survivors were left scrambling for help amid rubble and blocked roads. But as the country reels from the physical destruction, a deeper crisis is unfolding: the collapse of its humanitarian safety net.

International aid to Afghanistan has plummeted—from $3.8 billion in 2022 to just $767 million this year—due to shifting global priorities, donor fatigue, and political tensions over the Taliban’s policies, particularly restrictions on women’s rights and female NGO workers. The result? Forty-four health clinics serving over 360,000 people in the quake-hit regions have shut down, and even critical air support from the World Food Programme has been grounded due to budget constraints.

Kate Carey of the UN Office for the Coordination of Humanitarian Affairs described the response as “badly hit,” with fewer personnel and resources than ever before. The Taliban government, facing international isolation and sanctions, has appealed for urgent global assistance, warning that half the population already needs humanitarian aid.

As Afghanistan faces the triple threat of natural disaster, economic collapse, and dwindling global support, the quake’s aftermath is a stark reminder that humanitarian crises don’t end when the ground stops shaking—they deepen when the world turns away.


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