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Oil Swings, Records Fall, and Bank Earnings Roll In: Markets Update — May 28, 2026

  Thursday is shaping up to be an eventful one for markets. A sharp rebound in oil prices — triggered by fresh U.S. military strikes in Iran overnight — is rattling futures this morning, even as Wall Street closed at fresh records on Wednesday. Here in Canada, the TSX pulled back sharply, weighed down by energy-sector volatility and mixed signals from the big banks. Traders are also keeping a close eye on two major U.S. data releases due today: April PCE inflation and the Q1 GDP second estimate. Canada The TSX had a rough Wednesday. The S&P/TSX Composite shed 241.82 points — roughly 0.70% — to close at 34,412.05, as energy stocks were dragged lower by falling crude prices. The loonie dipped slightly as well, with the Canadian dollar trading at 72.29 cents U.S., compared with 72.40 cents the day before. It's a big week for Canadian bank earnings, and results so far have been mixed but largely solid. Bank of Nova Scotia and BMO Financial Group both reported stronger second-quar...
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Canada’s Population Surpasses 41 Million in Q1 2024

 

In a significant milestone, Canada’s population exceeded 41 million people during the first quarter of 2024, according to Statistics Canada. The agency reported a growth rate of 0.6%, resulting in a total population of 41,012,563 as of April 1. Let’s delve into the details:

  1. Immigration Surge: The increase was fueled by the arrival of 121,758 immigrants in the first quarter. Canada continues to be an attractive destination for newcomers seeking better opportunities and quality of life.

  2. Net Emigration: Despite the positive trend, 12,613 people left the country during the same period. Factors such as job opportunities, economic conditions, and personal circumstances contribute to emigration.

  3. Non-Permanent Residents: Canada also welcomed 131,810 non-permanent residents, including students, temporary workers, and visitors. However, it’s worth noting that growth in this category occurred before the announcement of caps on permits for non-permanent residents in 2024.

The population surge reflects Canada’s diverse and dynamic society, shaped by immigration, economic factors, and social changes. As the nation continues to evolve, policymakers and communities must address the implications of this growth.


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