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Oil Swings, Records Fall, and Bank Earnings Roll In: Markets Update — May 28, 2026

  Thursday is shaping up to be an eventful one for markets. A sharp rebound in oil prices — triggered by fresh U.S. military strikes in Iran overnight — is rattling futures this morning, even as Wall Street closed at fresh records on Wednesday. Here in Canada, the TSX pulled back sharply, weighed down by energy-sector volatility and mixed signals from the big banks. Traders are also keeping a close eye on two major U.S. data releases due today: April PCE inflation and the Q1 GDP second estimate. Canada The TSX had a rough Wednesday. The S&P/TSX Composite shed 241.82 points — roughly 0.70% — to close at 34,412.05, as energy stocks were dragged lower by falling crude prices. The loonie dipped slightly as well, with the Canadian dollar trading at 72.29 cents U.S., compared with 72.40 cents the day before. It's a big week for Canadian bank earnings, and results so far have been mixed but largely solid. Bank of Nova Scotia and BMO Financial Group both reported stronger second-quar...
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Boost Your Credit Score and Save Money: Expert Tips


With household finances still tight for many Americans, increasing your credit score may be one way to save money. A recent study by LendingTree reveals that raising your credit score can have substantial financial benefits. Here are the details:

The Impact of a Higher Credit Score

  • Savings Potential: Increasing your credit score from fair (580 to 669) to very good (740 to 799) could save you a whopping $22,263 over the life of your credit and loans. Mortgages account for the largest portion of these savings, with an impressive $16,677.

  • Monthly Savings: Overall, consumers stand to save an extra $92 per month across various debt types, including auto loans, credit cards, mortgages, and personal loans. While this projected savings has decreased from a previous estimate, it’s still a significant amount that can make a difference in your financial well-being.

Expert Tips for Improving Your Credit Score

  1. Check Your Credit Report for Errors: Mistakes on credit reports are more common than you might think. About 1 in 5 consumers discover errors, and disputing these inaccuracies can lead to score improvements. Keep an eye out for any discrepancies and take action to correct them.

  2. Aim for a Higher Score: While a credit score above 700 is generally considered good, reaching 740 or higher opens up even more opportunities. With a higher score, you’ll qualify for better loan terms and lower interest rates. It’s worth the effort to boost your score and reap the long-term benefits.

Remember, improving your credit score isn’t just about numbers—it’s about securing your financial future. So take proactive steps, monitor your credit, and watch those savings add up! 

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