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Markets Brief: Iran Deal Hopes Drive Global Rally — TSX Eyes a Strong Open | May 29, 2026

It's been a week dominated by one headline: the U.S.-Iran war and the fragile hopes of a peace deal. Heading into the long weekend, markets are ending Friday on an optimistic note, with record-setting sessions in Asia and a strong tone across North America. Here's your full wrap. Canada — TSX After a rough patch mid-week, the TSX bounced back Thursday — its first gain since Monday's record close — finishing up around 0.7% to the 34,770s range, driven largely by a blockbuster round of Big Six bank earnings. All six of Canada's largest banks beat analysts' estimates for Q2 (quarter ended April 30), raising dividends and signalling cautious optimism despite the volatile global backdrop. RBC posted a standout quarter, with its Wealth Management division up 28% year-over-year. TD Bank earned $4.25 billion in adjusted net income ($2.38/share), topping expectations, and raised its dividend. CIBC's profit surged 43%, with adjusted EPS of $2.76 beating consensus by a wid...
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In a heart-wrenching incident that has shaken the city of Ottawa, six individuals, including four children, were found deceased in a home on Wednesday night. The Ottawa Police Service has confirmed that their homicide unit is actively investigating the case. Among the victims was an infant, tragically just months old, marking a profound loss for the community and the nation at large.

The incident occurred in the Barrhaven suburb, where authorities were called to the scene late Wednesday evening. The police have since taken one person into custody and have assured the public that there is no further threat to safety. The identities of the victims and the suspect have been released, revealing the devastating impact on a family new to Canada from Sri Lanka.

This senseless act has prompted an outpouring of grief and support from across the country, as Canadians come together to mourn the loss and extend their sympathies to those affected. The investigation continues, with more details expected to be shared by the authorities as they become available.

As the community grapples with this tragedy, questions arise about the circumstances that led to such a devastating outcome. The nation watches, waits, and hopes for answers, while holding the memories of the young lives lost in solemn remembrance.

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