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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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Ancient Egyptian Superhighway: The Ahramat River’s Role in Pyramid Construction

 

For centuries, the construction of Egypt’s majestic pyramids has been shrouded in mystery, with numerous theories attempting to explain how these ancient wonders were built. Now, a groundbreaking discovery may hold the key to this age-old question.

  • The Ahramat River: Researchers have uncovered a lost branch of the Nile, named Ahramat, which they believe was instrumental in transporting materials for pyramid construction.
  • Transportation of Materials: The river, running alongside 31 pyramids, was likely used to float massive stone blocks, some weighing over a ton, from distant quarries to the construction sites.
  • Technological Breakthrough: The discovery was made possible through radar satellite imagery, enabling scientists to identify buried rivers and structures beneath the desert sands.
  • Impact on Pyramid Placement: The study suggests that the positioning of pyramids farther east during Egypt’s Middle Kingdom era was due to the migration of the Ahramat waterway since the Old Kingdom era.

This revelation not only demystifies the construction process of the pyramids but also provides insight into the sophisticated infrastructure and planning capabilities of ancient Egyptian civilization.

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