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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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Ontario’s “One Fare” Program Saves Transit Riders $1,600

 

The Ontario government is keeping costs down for public transit riders with the launch of the “One Fare” program, which will save riders an average of $1,600 each year. Beginning February 26, 2024, riders will pay only once as they transfer for free between the TTC and participating transit agencies in the Greater Toronto Area, including GO Transit.

The One Fare program, announced earlier this year, allows passengers to transfer between a number of different transit systems in Ontario but only pay once. Under this program, commuters can transfer between the TTC and GO Transit, as well as regional transit systems like Brampton Transit, Durham Region Transit, MiWay, and York Region Transit.

How Does It Work?

  • When transferring between the TTC and GO Transit, your TTC fare will be free.
  • When you transfer between the TTC and other local transit systems, your second fare will be free.
  • Simply tap your PRESTO card to automatically receive the discount. It’s akin to the free two-hour transfers already in effect on the TTC.
  • Your transfer remains valid for two hours if you start your trip on a local transit system or three hours for trips originating on GO Transit.

Even if you forget your PRESTO card, the One Fare program has got you covered. Passengers can still benefit when paying using credit or debit. For frequent commuters, this program could save an average of $1,600 annually—a welcome change for many Toronto residents.

The introduction of the One Fare program aligns with Metrolinx’s long-term strategy for sustainability and improved public transit service in the province. As Toronto navigates this fare revolution, commuters can breathe a sigh of relief—and perhaps even pocket some extra change for their morning coffee. 

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