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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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Calgary Dentist Faces Prison for $680K Insurance Fraud

 

Calgary dentist Alena Smadych pleaded guilty to fraud in June, admitting to falsely billing insurance companies when she was the owner of a local dental clinic


A Calgary dentist who admitted to defrauding insurance companies of more than $680,000 could spend up to three years in prison, according to Crown prosecutors.

Dr. Alena Smadych, former owner of All About Family Dental, pleaded guilty to fraud earlier this year after submitting falsified claims to multiple insurers between 2013 and 2023. Initially, she admitted to more than $125,000 in phoney billings to Sun Life and Blue Cross, but subsequent investigations revealed additional fraudulent claims totaling $558,000 across three more companies.

The Crown argued during Friday’s sentencing hearing that Smadych’s actions represented a decade-long scheme that undermined trust in the insurance system. Her clinic was once the highest billing practice in Canada for root canals, raising red flags that eventually led to investigations.

Justice Gord Wong heard that Smadych has since made full restitution to the affected companies, but prosecutors maintain that the seriousness of the fraud warrants a custodial sentence. The defence is expected to argue for a lighter penalty, citing her cooperation and repayment.

The case highlights growing concerns about insurance fraud in the healthcare sector, where inflated or falsified claims can cost companies—and ultimately patients—millions. A final sentencing decision is expected in the coming weeks.

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