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5 Things to Know Today: Your Canadian Money Brief — June 2, 2026

  Tuesday, June 2, 2026  |  MoneySavings.ca Markets are mixed, a big government cheque is days away, and the Bank of Canada is just over a week from its next rate call. Here's what every Canadian should have on their radar this morning. 1 of 5 TSX Inches Lower as Gold Slips and Financials Feel the Heat The S&P/TSX Composite closed Monday at 34,735 points, down about 0.10% from Friday's session. It was a tale of two sectors: financials dragged on the index as RBC and TD each lost close to 1%, with CIBC shedding nearly 2%, while gold miners also pulled back — Agnico Eagle fell 3.5% and Barrick dropped close to 3%. On the bright side, energy stocks surged as oil prices rallied, with Canadian Natural Resources up nearly 3% and Suncor gaining over 3%. Shopify also climbed roughly 2% on enthusiasm around AI chip advances. Year-to-date, the TSX is up about 9.5% — trailing Japan's Nikkei (+31.8%) but ahead of the S&P 500 (+11.0%) for the period through June 1. 💡 Money Ti...
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Canada’s Economy Shows Signs of Growth in August After Flat July



According to Statistics Canada, the Canadian economy experienced stagnation in July, with a zero percent growth rate. The service sector expanded slightly, while goods-producing industries shrank. Economists had anticipated a slight expansion of about 0.1 percent. However, the manufacturing sector contracted by 1.5 percent, marking its largest decline in over two years.

In August, the Canadian economy showed signs of growth. Real gross domestic product (GDP) rose by 1.2 percent, marking the fourth consecutive month of growth following the steepest drops on record in March and April due to pandemic lockdowns. Although August’s figure was lower than July’s 3.1 percent expansion, it still indicates a positive trend in economic recovery.

Please note that these figures are subject to change as new data becomes available.

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