Trump's rejection of Iran's peace proposal sent WTI back to $98 this afternoon. The morning's Economy Desk established oil as the swing variable in the BoC's June 10 decision. Carney's "fortress North America" offer from Saturday puts Canadian energy on the negotiating table at the exact moment elevated oil is threatening a rate hike. Two frameworks, one sector, opposite implications.

Macklem held at 2.25% and looked through the oil shock. But April CPI is projected near 3%, the April jobs report surprised to the downside, CUSMA looms on July 1, and the BoC is threading a policy needle with no clean historical parallel.

The BoC held at 2.25% and said both cuts and hikes remain on the table. That is not a hedge. It is a precise description of the most difficult monetary policy environment in a generation.

The Conservative ask is on the table. Federal Conservatives are calling on Ottawa to return some of the excise revenue collected during the Iran oil spike, economists are split on whether a tax cut is

One year ago today, the S&P 500 had already fallen 10% from Liberation Day's announcement, and investors were panic-selling into one of the fastest market drops in decades

Trump signed 100% tariffs on patented pharmaceuticals on April 2, targeting branded drugs from companies that have not struck pricing deals with his administration. Larger companies have 120 days befo