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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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House Prepares Vote to End Record-Breaking Shutdown

                                   Republicans currently hold a narrow 219-213 majority in the House.

The U.S. House of Representatives is set to vote on a bipartisan deal aimed at ending what has become the longest government shutdown in American history. The shutdown, which has stretched on for weeks, has left hundreds of thousands of federal workers furloughed or working without pay, while critical services have been disrupted nationwide.

The proposed agreement seeks to reopen government agencies and provide back pay to affected employees, while also addressing contentious budget issues that sparked the standoff. Lawmakers from both parties have expressed cautious optimism that the deal could finally restore normal operations and ease the strain on workers and communities across the country.

If passed, the measure would mark a significant turning point in a political impasse that has tested the resilience of federal institutions and the patience of the American public.


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