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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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Protesting farmers block crossings on Dutch-Belgian border

 


Farmers have blocked key road crossings on the border between Belgium and the Netherlands in their latest protest against excessive red tape and competition from cheap imports. The protests began on Thursday night on the Belgian side, with some Dutch farmers joining later. The roadblocks have caused significant traffic congestion and disrupted freight transport from the major European ports of Antwerp and Rotterdam.

The latest protest comes less than a day after Ursula von der Leyen, the President of the European Commission, met with farming groups in a bid to appease them. The farmers are protesting against the increasing regulatory burden and competition from cheap imports, which they say is making it difficult for them to make a living.

The protests have been peaceful so far, but there are concerns that they could escalate if the farmers’ demands are not met. The Belgian and Dutch authorities have urged the farmers to remove the roadblocks and engage in dialogue to resolve their grievances.


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