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Canadian Money Brief – June 1, 2026: Markets Kick Off June on a High Note

  Markets Kick Off June on a High Note A strong finish to May carries momentum into the first trading session of June, with tech leading the charge and a major Berkshire deal grabbing headlines. At a Glance — Friday May 29 Close (Most Recent Confirmed) Index / Asset Level Change S&P/TSX Composite 34,769 +0.73% S&P 500 7,580 +0.22% Dow Jones 51,032 +0.72% Nasdaq Composite 26,973 +0.20% CAD/USD 0.7249 –0.06% WTI Crude Oil US$87.36/bbl –1.73% Gold US$4,574/oz –0.42% Sources: Yahoo Finance, Trading Economics. Closing data as of May 29, 2026. June 1 intraday data referenced in body. May Goes Out on a High North American markets wrapped up May in fine form. All three major U.S. indexes — the S&P 500, the Dow, and the Nasdaq — finished Friday at record closing highs, capping a month that saw the tech-heavy Nasdaq surge roughly 8% and the S&P 500 gain around 5%. The TSX also had a solid run, closing above the 34,700 mark on Friday, supported by a rebound in financials and ...
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Canada’s Inflation Rate Eases to 2.9% in January

 


Canada’s annual rate of inflation slowed in January, with prices rising 2.9 per cent, according to Statistics Canada. This deceleration was primarily driven by lower year-over-year prices for gasoline. Excluding volatile items like energy and food, the core inflation rate remained relatively stable.

Factors Influencing the Slowdown:

  1. Gasoline Prices: The decline in gasoline prices contributed significantly to the easing of inflation. As global oil markets adjusted, consumers benefited from more affordable fuel at the pump.

  2. Grocery Costs: Price growth for groceries also decelerated, rising 3.4 per cent annually in January compared to 4.7 per cent in December. This moderation in food prices played a role in curbing overall inflation.

  3. Base-Year Effect: The headline Consumer Price Index (CPI) grew at a slower pace year over year in January due to a base-year effect. The monthly increase in January 2023 was smaller than that in January 2022.

While this slowdown is a positive sign, it’s essential to monitor inflation trends closely. The central bank will continue to assess economic conditions and adjust monetary policy as needed. As we navigate the delicate balance between price stability and economic growth, Canadians can expect ongoing discussions about inflationary pressures and their impact on household budgets.

In summary, Canada’s inflation rate has taken a breather, but vigilance remains key as we move forward in 2024.


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