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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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Canada’s Solar Eclipse: A Celestial Spectacle

On April 8, 2024, a remarkable and rare celestial event will unfold over Canada, the United States, and Mexico—a total solar eclipse. As the Moon aligns perfectly between Earth and the Sun, temporary darkness will sweep across parts of our country, captivating countless spectators.

In Canada, the solar eclipse’s path of totality will pass through several cities and towns in Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland. During those precious minutes, lucky observers within this path will experience complete darkness as the Moon completely obscures the Sun. For those outside the path of totality, a partial solar eclipse will still be visible, with the Sun partially hidden.

Remember that looking directly at the Sun during an eclipse can lead to serious eye damage. Always use appropriate eye protection when witnessing this awe-inspiring event. The last total solar eclipse visible in Quebec was over 50 years ago (in 1972), and the next one won’t occur until 2106. So mark your calendars and prepare to witness this once-in-a-generation phenomenon!


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