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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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Future-Proofing Paradise: €35 Billion Needed to Sustain Greek Islands by 2035

                                            Santorini

The Greek islands, long celebrated as jewels of global tourism, face a critical challenge: without significant infrastructure upgrades, their appeal could falter in the coming decade. A new study by the National Bank of Greece (NBG) estimates that €35 billion in investment is required by 2035 to safeguard the islands’ competitiveness on the world stage.

The report highlights urgent needs across transport, energy, water, and waste management systems, all of which are under mounting pressure from rising visitor numbers. Nearly half of all foreign tourists to Greece choose the islands, underscoring their central role in the nation’s economy.

But the challenge extends beyond financing. The NBG stresses the importance of a modern governance framework to coordinate priorities, allocate resources effectively, and ensure that funds translate into integrated, sustainable projects.

As global tourism competition intensifies, the study frames this investment not as optional, but as essential to preserving the islands’ status as a premier destination while ensuring long-term resilience.


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