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5 Things to Know Today: Your Canadian Money Brief — June 2, 2026

  Tuesday, June 2, 2026  |  MoneySavings.ca Markets are mixed, a big government cheque is days away, and the Bank of Canada is just over a week from its next rate call. Here's what every Canadian should have on their radar this morning. 1 of 5 TSX Inches Lower as Gold Slips and Financials Feel the Heat The S&P/TSX Composite closed Monday at 34,735 points, down about 0.10% from Friday's session. It was a tale of two sectors: financials dragged on the index as RBC and TD each lost close to 1%, with CIBC shedding nearly 2%, while gold miners also pulled back — Agnico Eagle fell 3.5% and Barrick dropped close to 3%. On the bright side, energy stocks surged as oil prices rallied, with Canadian Natural Resources up nearly 3% and Suncor gaining over 3%. Shopify also climbed roughly 2% on enthusiasm around AI chip advances. Year-to-date, the TSX is up about 9.5% — trailing Japan's Nikkei (+31.8%) but ahead of the S&P 500 (+11.0%) for the period through June 1. 💡 Money Ti...
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Navigating Social Media Safely: Tips for Parents and Kids

 

Social media has become an integral part of teenagers’ lives, but it also raises concerns for parents. Here are some essential guidelines to help protect your kids online:

  1. Age Considerations: While there’s no magical age, experts recommend waiting until at least 13 before allowing kids on social media platforms. However, consider individual maturity levels and readiness.

  2. Privacy Awareness: Teach your child to protect their privacy by:

    • Avoiding friend requests from strangers.
    • Keeping account passwords secure and changing them regularly.
    • Not sharing passwords, even with friends.

  3. Monitor and Discuss: Regularly check your child’s social media activity. Engage in open conversations about their experiences online.

  4. Model Healthy Use: Be a positive role model by demonstrating responsible social media behavior.

  5. Social Media Literacy: Educate your child about recognizing fake news, cyberbullying, and the impact of their online presence.

Remember, staying informed and maintaining open communication are key to ensuring a safe digital environment for your family. 

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