It’s Friday, June 12. Here are the top stories we’re following today.
SpaceX IPO Launches the Summer of AI
Space Exploration Technologies Corp. held its initial public offering on the Nasdaq Friday, with president Gwynne Shotwell celebrating at the Marketsite in Times Square. The IPO is expected to ignite a summer focused on artificial intelligence, as North American indices have already surged to record highs in the first half of the year. Investors are now eyeing one of the most eventful summers in recent memory, driven by soaring interest in AI technology.
Retail Space Casualty in Toronto Condo Bust
A string of properties on Toronto’s Bloor Street stands empty after tenants were evicted or left, anticipating redevelopment that has since been put on hold. The chill in the condominium market has left swathes of retail space vacant in Canada’s largest city, as Garry Marr reports on how retail space became a casualty of the condo bust.
Canadian Household Wealth Surpasses $18.6 Trillion
Canadian households added $243 billion to their collective wealth in the first quarter of 2026, a 1.3% increase from the previous quarter, according to Statistics Canada. This marks the 10th consecutive quarterly increase, driven by strength in both stocks and real estate, pushing total household wealth to just over $18.6 trillion.
Trump Praises Inflation: ‘I Love the Inflation’
U.S. President Donald Trump, speaking in the Oval Office on June 11, celebrated a three-year high in Consumer Price Index growth, stating, “I love the inflation.” Robert McLister argues that such words from a U.S. president signal zero fiscal or political urgency to fight inflation, a concerning stance for economic stability.
Corporate Boardroom Disaster Looms in Canada
Howard Levitt warns that Canada’s corporate boards are courting disaster, as board-level governance failures can destroy billions in shareholder value, ruin reputations, and trigger preventable crises. Canada’s corporate governance framework is becoming increasingly sophisticated, but the biggest threat remains within the boardroom itself.
Stay tuned for more updates on these developing stories.
