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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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Israeli Forces Detain 100 Suspected Hamas Militants in Gaza Hospital Raid

 

In a significant military operation, Israeli troops captured around 100 suspected Hamas militants during a raid at Kamal Adwan hospital in northern Gaza, the military announced on Monday. The raid, which took place over the weekend, has been met with conflicting reports from Gaza health officials and Hamas, who deny any militant presence at the hospital.

The Israeli military stated that the operation was aimed at dismantling a Hamas stronghold within the hospital. “The soldiers apprehended approximately 100 terrorists from the compound, including those who attempted to escape during the evacuation of civilians,” a military spokesperson said. The troops reportedly found weapons, terror funds, and intelligence documents inside the hospital.

Gaza’s health ministry, however, has accused the Israeli forces of detaining dozens of male medical staff and causing significant damage to the hospital, which was already struggling due to ongoing raids in the area. Footage released by the health ministry showed extensive damage to several buildings, though this has not been independently verified.

The raid has intensified the already dire humanitarian situation in northern Gaza, where thousands of civilians are trapped amid ongoing military operations. The Israeli military has urged civilians to evacuate the area, but many have been unable to leave due to the continuous fighting.

This operation is part of a broader Israeli offensive aimed at rooting out Hamas militants following a series of deadly attacks. The conflict has resulted in significant casualties on both sides, with international calls for a ceasefire growing louder.


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