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TSX Climbs as Geopolitical Tensions Ease, Bank of Canada Decision Looms

  Markets at a Glance – June 9, 2026 Global markets are starting Tuesday on a cautiously optimistic note. The TSX is building on Monday's gains, U.S. futures are pointing higher across the board, and energy stocks continue to find support from elevated oil prices. But the biggest Canadian story arrives tomorrow: the Bank of Canada's interest rate decision on June 10 is front of mind for investors, mortgage holders, and anyone keeping an eye on the loonie. 🇨🇦 Canada – TSX Composite The S&P/TSX Composite Index closed Monday at approximately 34,479 , recovering solidly after Friday's sharp pullback. Eight of ten TSX sectors finished in positive territory, led by energy (+2.3%) and materials (+0.9%) as oil prices rebounded and geopolitical tensions showed early signs of de-escalation. Mining names including K92 Mining and Ivanhoe Mines were among the notable gainers. The index is now up roughly +8.7% year-to-date — second only to Japan's Nikkei among major global ...

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Trump Crosses Party Lines to Back Cuomo, Warns of Funding Cuts if Mamdani Wins NYC Mayoral Race

Democratic candidate for New York City mayor, Zohran Mamdani, speaks during a campaign rally on the eve of election day, in the Queens borough of New York City.

In a dramatic twist to New York City’s mayoral race, President Donald Trump has endorsed former Governor Andrew Cuomo, despite their long history of political rivalry. The endorsement, delivered just hours before Election Day, is aimed at blocking Democratic socialist candidate Zohran Mamdani, who currently leads in the polls.

Trump labeled Mamdani a “communist” and warned that a Mamdani victory would jeopardize federal support for the city. In a fiery statement, he declared that if Mamdani wins, New York would receive only the “bare minimum” of federal funds required by law, adding that the city would face “zero chance of success, or even survival” under his leadership.

Cuomo, who is running as an independent after losing the Democratic primary to Mamdani, has positioned himself as a centrist alternative. Trump’s endorsement, however, has sparked debate over whether it will help Cuomo gain momentum or alienate voters in the heavily Democratic city. Some analysts suggest that Trump’s intervention could backfire, energizing Mamdani’s progressive base, while others argue it may consolidate moderate and conservative support behind Cuomo.

The Republican candidate, Curtis Sliwa, has trailed far behind in polling, leaving the contest effectively a showdown between Cuomo and Mamdani. With Trump’s last-minute move, the race has become a national flashpoint, reflecting broader tensions within the Democratic Party and the country’s polarized political climate.

As New Yorkers head to the polls, the question remains whether Trump’s gamble will reshape the outcome—or further entrench Mamdani’s appeal as the anti-establishment favorite.


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