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 family and other SpaceX employees at the Nasdaq Marketsite in Times Square during the launch of the SpaceX initial public offering on the Nasdaq Friday.Space Exploration Technologies Corp. president Gwynne Shotwell celebrates with family and other employees at the Nasdaq Marketsite in Times Square during the launch of the SpaceX initial public offering on the Nasdaq Friday. Photo by Spencer Platt/Getty Images

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It’s Friday, June 12. Here are the top stories we’re following today.

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There’s an old adage on Wall Street that investors should “sell in May and go away,” but this summer, many stock market watchers have other ideas. After North American indices surged to record highs in the first half of the year on the back of soaring interest in artificial intelligence technology, stocks are now poised to have one of their most eventful summers in recent memory.

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A string of properties on Toronto's Bloor Street stands empty after the businesses left because the area was going to be redeveloped. A string of properties on Toronto’s Bloor Street stands empty after the businesses left because the area was going to be redeveloped. Photo by Peter Power/Postmedia News

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Swathes of retail space in Canada’s largest city are sitting empty after tenants were evicted or left, only for development projects to be put on hold amid a chill in the condominium market.

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Canadian households continued to get wealthier overall in the first quarter of 2026 reaching just over $18.6 trillion in the tenth consecutive quarterly increase. Canadian households added $243 billion to their collective wealth, a 1.3 per cent increase from the fourth quarter of 2025, according to Statistics Canada. Photo by BRUNSWICK NEWS ARCHIVES

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Canadian households continued to get wealthier overall in the first quarter of 2026 reaching just over $18.6 trillion in the 10th consecutive quarterly increase.

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U.S. President Donald Trump speaks before signing a proclamation in the Oval Office of the White House in Washington, D.C., on June 11. U.S. President Donald Trump speaks before signing a proclamation in the Oval Office of the White House in Washington, D.C., on June 11. Photo by Kent NISHIMURA/AFP via Getty Images

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A U.S. president celebrating a three-year high in Consumer Price Index growth signals zero fiscal or political urgency to fight it, writes Robert McLister.

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Canada’s corporate governance framework is becoming increasingly sophisticated. Canada’s corporate governance framework is becoming increasingly sophisticated. Photo by Rahman - stock.adobe.com

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The biggest threat to Canadian companies exists in the boardroom. Board-level governance failures can destroy billions in shareholder value, ruin reputations and trigger crises that were entirely preventable, writes Howard Levitt.

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