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Markets on Edge as Bank of Canada Decides: TSX, Wall Street, and Oil in Focus — June 10, 2026

  All eyes are on Ottawa this morning. The Bank of Canada is set to release its interest rate decision at 9:45 a.m. ET today — and while markets widely expect a hold at 2.25% , the accompanying statement from Governor Tiff Macklem will be dissected for any signal about what comes next. Against a backdrop of volatile oil prices, a recent technical recession, and a still-fragile U.S.–Iran ceasefire, the stakes are higher than usual. Here's where the major markets stand heading into this pivotal session. 🇨🇦 Canada — TSX & the BoC Decision The S&P/TSX Composite has been navigating choppy waters. After a sharp 2.3% decline on June 5 — triggered by a blowout Canadian jobs report that added 88,000 positions, far exceeding forecasts — the index pulled back to trade near the 34,093 range on Tuesday before recovering somewhat to sit just above 34,500 . That jobs print, combined with a similar U.S. surprise, effectively closed the door on any rate cut hopes and forced a reasse...
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China Warns 'No One Will Win a Trade War' After Trump's Tariff Threat

 

 China has issued a stern warning to U.S. President-elect Donald Trump following his announcement of a 10% tariff on all Chinese imports. The Chinese Embassy in Washington emphasized that "no one will win a trade war," highlighting the mutual benefits of U.S.-China economic and trade cooperation.

Trump's proposed tariffs are part of his broader strategy to combat illegal immigration and drug trafficking, particularly fentanyl. He stated that these tariffs would remain until China takes significant measures to halt the flow of drugs into the United States.

Chinese officials have pushed back against these claims, pointing to recent efforts to curb the export of fentanyl precursors and other narcotics-related measures. The embassy spokesperson, Liu Pengyu, reiterated that the idea of China knowingly allowing fentanyl precursors to flow into the U.S. runs counter to facts and reality.

As tensions escalate, the global community watches closely, aware that a trade war between the world's two largest economies could have far-reaching consequences.



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