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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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Putin Pushes Back on U.S. Peace Plan, Talks Drag On

Russian President Vladimir Putin, rear centre, Russian Direct Investment Fund chief executive Special Presidential Representative for Investment and Economic Cooperation with Foreign Countries Kirill Dmitriev, right, attend the talks with US special.

Russian President Vladimir Putin has signaled that progress toward ending the war in Ukraine remains elusive, declaring that some proposals in the U.S.-backed peace plan are unacceptable to the Kremlin. His remarks followed hours of talks in Moscow with American envoys, including President Donald Trump’s special representative Steve Witkoff and adviser Jared Kushner.

Putin described the discussions as “necessary” and “useful,” but also “difficult work.” The sticking points reportedly center on territorial concessions and security guarantees for Ukraine, issues that have long divided negotiators. Washington’s plan seeks to halt years of fighting, but Moscow continues to resist terms that would require Ukraine to surrender land or rely on Western-backed security assurances.

Kremlin spokesperson Dmitry Peskov later clarified that Putin had not outright rejected the plan, but rather accepted some elements while rejecting others. He emphasized that talks will continue for as long as needed, underscoring the slow pace of diplomacy.

Meanwhile, U.S. envoys are expected to meet with Ukraine’s lead negotiator, Rustem Umerov, in an effort to bridge gaps between Kyiv and Moscow. Despite the intense shuttle diplomacy, the absence of a breakthrough highlights the deep mistrust and irreconcilable demands that still define the conflict.

The latest round of negotiations suggests that while both sides remain engaged, a comprehensive peace deal is far from imminent. For now, the war continues, and the diplomatic path forward looks set to be long and arduous.

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