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Markets Wrap: TSX Hits Record High, Wall Street Mixed Ahead of Jobs Day — June 5, 2026

  Canadian equities close at all-time highs on geopolitical optimism; U.S. futures dip as investors brace for May employment data; oil hovers near $95. Friday, June 5, 2026  |  MoneySavings.ca / Canadian Money Brief 🍁 Canada: TSX Hits Record Close Canadian equities had a standout session on Thursday, with the S&P/TSX Composite Index climbing 1.2% to a record closing high of 35,217 — its best finish ever. The rally was fuelled by improving global risk sentiment following reports of a conditional ceasefire between Israel and Lebanon, which stoked hopes that a broader agreement involving Iran could eventually be reached. Healthcare, industrial, and financial stocks led the advance. Among the top gainers were Royal Bank of Canada (+1.9%) , Toronto-Dominion Bank (+1.2%) , Agnico Eagle Mines (+2.9%) , and Barrick Mining (+2.1%) . On the downside, TransAlta and Transcontinental were the day's weakest performers, falling roughly 10% and 9.8%, respectively. On the currency f...
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Google Lays Off Hundreds of Employees in Hardware, Voice Assistant Teams Amid Cost-Cutting Drive

 

Google has laid off hundreds of employees working on its hardware, voice assistance and engineering teams as part of cost-cutting measures. 

The cuts come as Google looks towards “responsibly investing in our company’s biggest priorities and the significant opportunities ahead,” the company said in a statement. The job cuts are part of a broader effort to reduce costs and streamline operations.

Google earlier said it was eliminating a few hundred roles, with most of the impact on its augmented reality hardware team. The cuts follow pledges by executives of Google and its parent company Alphabet to reduce costs  In a post on X — previously known as Twitter — the Alphabet Workers Union described the job cuts as “another round of needless layoffs”. The union wrote, “Our members and teammates work hard every day to build great products for our users, and the company cannot continue to fire our coworkers while making billions every quarter. We won’t stop fighting until our jobs are safe!”.


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