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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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New Virus Alert: Human Metapneumovirus (HMPV) Spreading from China to the UK

 A new respiratory virus, Human Metapneumovirus (HMPV), has emerged in China, drawing global attention due to its similarities to COVID-19. The virus, which causes symptoms such as cough, fever, and shortness of breath, has now spread to the United Kingdom, raising concerns among health officials.

HMPV is not a newly discovered virus; it was first identified in 2001. However, its recent surge in cases, particularly among children and the elderly, has led to overcrowded hospitals in China. The virus spreads through respiratory secretions and close contact, much like COVID-19.

In the UK, health authorities are closely monitoring the situation and urging the public to take preventive measures, such as frequent handwashing and avoiding close contact with infected individuals. While there is currently no vaccine for HMPV, researchers are working on developing one.

Experts emphasize that although HMPV can cause severe respiratory infections, it is not as deadly as COVID-19, and most people recover with proper care. The World Health Organization (WHO) has not declared a health emergency, but vigilance remains crucial.

As the world continues to grapple with the aftermath of the COVID-19 pandemic, the emergence of HMPV serves as a reminder of the importance of global health preparedness and cooperation.




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