It’s Tuesday, June 16. Here are the top stories we’re following today.
Canadian home sales post first ‘meaningful’ gain in 2026
Canadian home sales were up in May, with the strongest month-over-month increase in an otherwise sluggish year to date. The gain marks a potential turning point for the housing market after months of subdued activity.
This TSX stock is already up 125% this year with one analyst calling for it to be a space spending winner
TSX top performer 5N Plus Inc. is already up just over 125% year to date, and National Bank of Canada Capital Markets is calling for the shares’ upward momentum to continue based on rapidly expanding spending on space infrastructure. Satellite proliferation is at the core of the current space spending expansion, with more than 43,000 satellites expected to be launched by 2043.
RBC’s McKay says he’s using AI every day to help reshape how he runs the bank
The head of Royal Bank of Canada says he spends an hour every morning reading a report generated by a customized artificial intelligence tool that provides him with key insights and helps him be more efficient with his team. Dave McKay, chief executive of RBC, discussed his AI adoption during a fireside chat in 2025.
Public sector pension fund posts 6.5% return in fiscal 2026
The Public Sector Pension Investment Board posted a 6.5% return in fiscal 2026, pushing net assets under management to $320.6 billion, but falling short of the return of its reference portfolio. Deborah Orida, chief executive of PSP Investments, commented on the results.
We shouldn’t hate the world’s first trillionaire — we should encourage Canadians to emulate him
The lesson is not how to hate the world’s first trillionaire, it is how to become the kind of country where the next one chooses to build here. Teach a generation that success will be punished, and you will get exactly what you encourage: a great deal less of it, writes Kim Moody.
