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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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Trump Pushes UN Resolution for Gaza Peace and Security Force

Displaced Palestinians sit next to their destroyed homes in Khan Younis camp in the southern Gaza Strip, Palestine, Nov. 5, 2025.

President Donald Trump’s administration has presented a draft resolution to the United Nations Security Council seeking endorsement of his 20-point Gaza peace plan. The proposal calls for the creation of a transitional governance body and the deployment of an International Stabilization Force (ISF) to oversee security and reconstruction in the enclave.

The plan outlines a two-year mandate for the ISF, which would be empowered to maintain order and support rebuilding efforts. While U.S. troops would not be deployed directly in Gaza, the initiative envisions a multinational force drawn from regional and international partners, including Egypt, Qatar, Saudi Arabia, Turkey, and the United Arab Emirates.

Trump’s framework aims to end years of conflict between Israel and Hamas by combining security guarantees with reconstruction programs. It also proposes the establishment of a “Board of Peace” to coordinate governance and humanitarian aid. Supporters argue the plan could provide a pathway to long-term stability, while critics remain cautious about its feasibility.

No date has yet been set for a Security Council vote, but Washington’s push reflects its determination to secure international legitimacy for Trump’s Gaza initiative. If approved, the resolution would mark a significant step toward reshaping governance and security in Gaza, potentially laying the groundwork for a new phase in Middle East diplomacy.


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