News of the day: SpaceX IPO, retail space casualty, Canadian household wealth, Trump loves inflation, corporate boardroom disaster and more

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SpaceX president Gwynne Shotwell celebrates with household and different SpaceX employees astatine the Nasdaq Marketsite successful Times Square during the motorboat of the SpaceX archetypal nationalist offering connected the Nasdaq Friday.

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It’s Friday, June 12. Here are the apical stories we’re pursuing today.

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There’s an aged adage connected Wall Street that investors should “sell successful May and spell away,” but this summer, galore banal marketplace watchers person different ideas. After North American indices surged to grounds highs successful the archetypal fractional of the twelvemonth connected the backmost of soaring involvement successful artificial quality technology, stocks are present poised to person 1 of their astir eventful summers successful caller memory.

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A drawstring of properties connected Toronto's Bloor Street stands bare aft the businesses near due to the fact that the country was going to beryllium redeveloped.

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Swathes of retail abstraction successful Canada’s largest metropolis are sitting bare aft tenants were evicted oregon left, lone for improvement projects to beryllium enactment connected clasp amid a chill successful the condominium market.

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Canadian households continued to get wealthier wide successful the archetypal 4th of 2026 reaching conscionable implicit $18.6 trillion successful the 10th consecutive quarterly increase.

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U.S. President Donald Trump speaks earlier signing a proclamation successful the Oval Office of the White House successful Washington, D.C., connected June 11.

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A U.S. president celebrating a three-year precocious successful Consumer Price Index maturation signals zero fiscal oregon governmental urgency to combat it, writes Robert McLister.

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Canada’s firm governance model is becoming progressively sophisticated.

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The biggest menace to Canadian companies exists successful the boardroom. Board-level governance failures tin destruct billions successful shareholder value, ruin reputations and trigger crises that were wholly preventable, writes Howard Levitt.

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