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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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Carney and Champagne Launch Post-Budget Tour in Ottawa and Montreal

Prime Minister Mark Carney and Minister of Finance and National Revenue Francois-Philippe Champagne make their way into the House of Commons for the tabling of the federal budget on Parliament Hill in Ottawa, on Tuesday, Nov. 4, 2025.

Prime Minister Mark Carney and Finance Minister François-Philippe Champagne are hitting the road today to promote the federal government’s newly tabled budget, beginning with events in Ottawa and Montreal.

Carney is scheduled to host a post-budget event in Ottawa this morning, where he will outline the government’s priorities before joining the Liberal caucus for its first meeting since Nova Scotia MP Chris d’Entremont crossed the floor to join the party.

Meanwhile, Champagne will take the government’s message to Montreal, where he is set to participate in an armchair discussion with business leaders. The finance minister is expected to highlight what he has described as “generational investments” aimed at strengthening Canada’s economy, creating high-paying jobs, and supporting workers most affected by global trade disruptions.

The 2025 budget, Carney’s first as prime minister, projects a $78.3-billion deficit while pledging billions in new spending on infrastructure, innovation, and workforce development. The government argues these measures are necessary to secure long-term growth, even as it faces criticism over the scale of the deficit and planned cuts to the federal public service.

Today’s events mark the beginning of what is expected to be an intensive post-budget sales campaign, as the Liberals seek to convince both Canadians and opposition parties of the merits of their fiscal strategy.


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