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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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Rio’s Deadliest Police Raid Leaves 132 Dead as Bodies Line the Streets

A mourner leans over a body, the day after a deadly police operation against drug trafficking at the favela do Penha, in Rio de Janeiro.


The death toll from a massive police operation in Rio de Janeiro has risen to 132, making it the deadliest raid in the city’s history. Residents of the Penha and Alemão favela complexes awoke to scenes of horror as dozens of corpses were laid out in the streets by grieving families searching for missing relatives.

The raids, part of “Operation Containment,” targeted the powerful Comando Vermelho (Red Command) gang, a criminal faction long associated with drug trafficking and violence in Rio’s northern neighborhoods. More than 2,500 police officers, supported by helicopters and armored vehicles, were deployed in what was described as a meticulously planned crackdown.

Officials hailed the operation as a blow to organized crime, but criticism has mounted over the scale of the violence. Human rights advocates and local residents accused police of carrying out execution-style killings, pointing to the unusually high number of civilian deaths. The official tally of 132 dead is more than double the initial figure released earlier in the week.

The timing of the bloodshed has drawn international attention, coming just days before Rio is set to host COP30 climate events, bringing world leaders and global media to the city. Images of bodies lined along streets and squares have sparked outrage, with critics warning that the operation underscores Brazil’s ongoing struggle with police violence, inequality, and the militarization of public security.


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