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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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Court Agrees to Pause Collection of Trump’s Massive Civil Fraud Judgment

 



In a significant legal development, a New York appeals court has granted former President Donald Trump a temporary reprieve from the collection of his staggering civil fraud judgment. The condition? Trump must post a hefty $175 million bond within the next 10 days. If he complies, the clock on collection will stop, preventing the state from seizing his assets while he appeals.

The civil fraud case stems from allegations that Trump inflated his net worth over the years, unjustly enriching himself, his family, and his organization. The court’s ruling not only buys Trump time but also reverses certain restrictions that had barred him and his sons from corporate leadership roles.

Trump’s legal team had argued that securing an underwriter for such a colossal bond was nearly impossible. Initially proposing a $100 million bond, they faced rejection from an appellate judge. Now, with the reduced amount, Trump aims to protect his real estate empire and fend off foreclosure threats.

While the judgment still stands, the pause in collection provides Trump with a lifeline. New York Attorney General Letitia James remains steadfast, emphasizing that Trump is still accountable for his alleged fraud. As the legal battle unfolds, the eyes of the nation remain fixed on this high-stakes drama.


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