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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 Imposes Sanctions on Extremist Israeli Settlers in the West Bank

 

 In a significant move, Canada has imposed sanctions on individuals accused of engaging in violence against Palestinian civilians and their property in the West Bank. These are the first-ever sanctions targeting extremist Israeli settlers under the Special Economic Measures Act. The escalating violence by extremist settlers has undermined human rights, prospects for a two-state solution, and regional security. Since October 7, 2023, there have been at least 800 settler attacks against Palestinians, resulting in verbal or physical assaults, property damage, and forced displacement of communities.

The Sanctioned Individuals:

  1. David Chai Chasdai
  2. Yinon Levi
  3. Zvi Bar Yosef
  4. Moshe Sharvit

These individuals are now prohibited from dealings related to Canada and are rendered inadmissible under the Immigration and Refugee Protection Act. Canada remains committed to a comprehensive, just, and lasting peace in the Middle East, opposing the expansion of illegal settlements in the West Bank and East Jerusalem.

Foreign Affairs Minister Mélanie Joly emphasized that acts of extremist settler violence are unacceptable, and perpetrators will face consequences. The rise in violence poses significant risks to peace and security in the region, affecting families forced to leave their homes due to threats by extremist settlers.

Canada’s stance aligns with the Geneva Convention, which applies in the occupied territories and establishes Israel’s obligations as an occupying power regarding the humane treatment of inhabitants. While other countries like the U.S., U.K., and EU have also taken measures against violent Israeli settlers, Canada’s recent sanctions represent a crucial step in addressing this ongoing violence.

As the situation unfolds, Canada continues to advocate for a peaceful resolution and justice for affected communities in the West Bank.

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