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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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Trump Trial Judge Seals the Courtroom to Unleash on MAGA Lawyer


In a dramatic turn of events during Donald Trump’s criminal trial in Manhattan, Judge Juan Merchan suddenly sealed the courtroom on Monday afternoon. The reason? A heated confrontation with Robert Costello, a MAGA-friendly lawyer who played a key role in the attempted backchannel between Michael Cohen and the Trump White House in 2018.

Costello, a former prosecutor, had been reprimanded for outbursts in court whenever he was interrupted or told not to answer a question that had been objected to and sustained. As tensions escalated, Costello began to stare down the judge. Merchan took action, ordering the jury out of the room and addressing Costello directly: “Mr. Costello, I’d like to discuss proper decorum in my courtroom, OK?”.

Despite the warning, Costello continued to push boundaries. When Merchan turned around, he caught Costello staring at him again. Frustrated, the judge ordered security to seal the courtroom and ejected all journalists so he could give Costello a dressing down. When the journalists returned, Costello’s face had turned beet red, and he continued to answer questions from defense lawyer Emil Bove about his minor role in the New York criminal case against the former president.

Costello’s testimony also shed light on Michael Cohen’s behavior after the FBI raided his apartment in search of evidence related to a campaign finance crime. According to Costello, Cohen was “suicidal that day and acting very manic.” Costello had advised Cohen that cooperating with the Southern District of New York and providing truthful information about Donald Trump would resolve his legal problems by the end of the week.

The courtroom drama continues, and the clash between the judge and the MAGA lawyer adds another layer of intensity to Trump’s trial. Stay tuned for further developments as this high-stakes legal battle unfolds.

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