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Canadian Money Brief: Weekly Market Snapshot — May 26–30, 2026

TSX Composite: Resilient Near Record Highs It was a steady week for the S&P/TSX Composite, with the index trading just above the 34,500 level heading into Friday's close — not far from its 52-week high of 34,846. The market found support from several directions: optimism around a potential US–Iran ceasefire extension, strong performances in technology, mining, and industrial names, and falling bond yields following weaker-than-expected economic data. On the sector level, tech and metal mining led gains, while energy producers were mixed after oil prices pulled back from recent highs. Among the big banks, RBC, TD, and BMO each climbed roughly 1% on the week, helped by lower inflation concerns easing pressure on borrowing costs. Gold miners also had a solid run — Agnico Eagle added over 0.5% and Franco-Nevada advanced close to 1%. Year-to-date, the TSX is up approximately +9.3% , placing it third among major global indexes, behind Japan's Nikkei 225 (+29.1%)...
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UK Election 2024: Labour Sweeps to Power in Historic Victory

After more than a decade in opposition, Britain’s Labour Party has emerged victorious in the 2024 general election. The jaded electorate handed the party a landslide win, but now they face the mammoth task of reinvigorating a stagnant economy and a dispirited nation. Here’s what you need to know about this historic election:

The Results

  • Labour Party: Swept to power with a commanding lead, marking the first time in 14 years that a new party has taken control.
  • Conservatives: Gained some support but fell short in the face of Labour’s surge.
  • Reform UK: Held third place, with their earlier rise in support stalling during the campaign’s final weeks.
  • Liberal Democrats: Surpassed their starting position in the polls.
  • Greens, SNP, and Plaid Cymru: Remained relatively stable throughout the campaign.

What Comes Next?

As the dust settles, the new Prime Minister, Keir Starmer, faces the challenge of revitalizing the economy and restoring hope to a weary nation. Meanwhile, the monarchy plays a crucial role: King Charles III must officially appoint the winner as Prime Minister. The eyes of the world are on Britain as it charts a new course under Labour’s leadership.

Stay tuned for further developments as the government takes shape and policies unfold. The UK’s future hangs in the balance, and the decisions made in the coming months will shape the nation for years to come. 

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