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Weekly Market Snapshot: June 2–6, 2026

  Canadian Money Brief  |  Week ending June 6, 2026 A turbulent week ended on a sour note for Canadian investors. Stronger-than-expected jobs data on both sides of the border sent bond yields surging and rattled equity markets, while ongoing Middle East tensions pushed oil prices to multi-year highs — and then sharply lower as peace-deal hopes resurfaced. 🇨🇦 TSX Composite The S&P/TSX Composite had a rough finish to the week. After touching fresh record highs on Monday, the index reversed course sharply. By Friday, the TSX had shed over 530 points on the session alone — falling more than 2.3% to close at approximately 34,413 — dragged lower by deep losses in gold stocks, materials, and technology. For the week overall, the index ended down roughly 1.5% from its previous Friday close. The damage was broad: eight of 12 sub-sectors finished in the red, with gold stocks and materials each losing more than 6%. Tech shares also struggled, falling over 3% as a global chip...
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ECB Maintains Record High Interest Rate Amid Debate Over Timing of Cuts

 

The European Central Bank (ECB) has decided to keep its key interest rate at a record high of 4% . The decision comes amid a growing debate over the timing of cuts, with some economists predicting a policy pivot starting in April and rate cuts of 150 basis points this year .

The ECB’s decision to maintain the interest rate at its current level is aimed at battling inflation, which has been ravaging the economy. The head of the ECB has warned that cutting interest rates too soon could threaten Europe’s progress in battling inflation.


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