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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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Washington Halts Tech Pact, US-UK Ties Tested

 


Tensions have surfaced in the transatlantic partnership as Washington announced the suspension of a key technology agreement with the United Kingdom. The deal, which had been hailed as a cornerstone of future cooperation in digital innovation and cybersecurity, is now on hold amid growing disagreements over regulatory standards and data-sharing practices.

Officials in London expressed concern that the move could undermine broader economic and security collaboration, while US representatives emphasized the need to reassess commitments in light of shifting priorities. Analysts suggest the suspension signals deeper cracks in the relationship, raising questions about the resilience of long-standing alliances in an era of rapid technological change.

The pause comes at a time when both nations face mounting pressure to safeguard critical infrastructure and maintain competitiveness in emerging fields such as artificial intelligence and quantum computing. Whether the suspension is temporary or a prelude to a wider rift remains uncertain, but the decision underscores the fragility of even the closest international partnerships when national interests collide.

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