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

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

SpaceX IPO just launched the summer of AI. Can investors afford to sit it out?

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.

Garry Marr: How retail space became a casualty of the Toronto condo bust

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.

Canadian household wealth rose again to more than $18.6 trillion thanks to strength in both stocks and real estate

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.

‘I love the inflation’: words no U.S. president should ever say

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.

Why Canada’s corporate boards are courting disaster

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.