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TSX Surges Nearly 2% on Thursday as Bombardier Leads Broad Rally into May

Friday, May 1, 2026 | Canadian Money Brief | moneysavings.ca TSX Posts Strong Close to April Canada's main stock index finished April on a high note. The S&P/TSX Composite Index gained 645.94 points, or 1.9%, to close Thursday at 33,964.33. That capped a positive month for the index, with consumer, health-care, and discretionary sectors all contributing to the advance. The Canadian dollar recovered 0.47 cents to 73.62 cents U.S. Bombardier Steals the Show The session's headline mover was Bombardier. Bombardier jumped $48.59, or 20.4%, to close at $288.40 — the top of the main index — after the business jet maker beat estimates for first-quarter profit, helped by robust demand for its repair and maintenance services. On the broader earnings front, Bausch Health edged up 12 cents, or 1.7%, to $7.79, after the pharmaceutical firm's first-quarter results also beat estimates. Among notable decliners, Allied Properties REIT fell 26 cents, or 2.6%, to $9.84 after the...
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Israeli Strikes Claim Lives in Gaza: A Tragic Day for Al-Shati and Al-Tuffah

 

In a devastating turn of events, Israeli attacks on districts of Gaza City have left at least 42 people dead, according to Ismail Al-Thawabta, the director of the Hamas-run government media office. The violence unfolded on Saturday, with one strike targeting houses in Al-Shati, one of Gaza’s historic refugee camps, resulting in the loss of 24 lives. An additional 18 Palestinians were killed in a separate strike on houses in the Al-Tuffah neighborhood.

The Israeli military has confirmed its involvement, stating that fighter jets struck two Hamas military infrastructure sites in the area of Gaza City. Further details are expected to emerge soon. The situation remains tense, and the toll on civilian lives is deeply tragic.

Our thoughts are with the affected families during this difficult time. The conflict continues to escalate, and the international community must urgently seek a peaceful resolution to prevent further loss of life.

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