Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Israel’s Determination Amidst US Arms Embargo Threat

Israeli Prime Minister Benjamin Netanyahu has asserted Israel’s readiness to “stand alone” in the face of a potential US arms embargo. The stern declaration comes as tensions escalate in Rafah, Gaza, where Israeli forces are poised for a possible full-scale invasion to combat Hamas militants.

  • Defiant Stance: Netanyahu evoked the spirit of the 1948 War of Independence, emphasizing Israel’s historical resilience and capability to triumph despite arms embargoes and overwhelming odds.
  • US Warning: President Joe Biden has threatened to withhold critical military supplies, including artillery shells, if Israel proceeds with an invasion of Rafah, citing concerns over civilian casualties.
  • Humanitarian Crisis: The UN reports over 80,000 people have fled Rafah amidst continuous bombardment, with essential supplies like food and fuel dwindling for those remaining.
  • Continued Conflict: Despite peace talks faltering and the US’s stance, Israel maintains that victory over Hamas is unattainable without taking Rafah, underlining the ongoing seven-month war’s complexity.

Netanyahu’s remarks underscore a pivotal moment in Israeli-US relations, as Israel weighs its strategic options against the backdrop of international scrutiny and humanitarian considerations.

Labels:

Comments

Post a Comment