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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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Hurricane Milton Leaves 3 Million Without Power in Florida

 

Florida is reeling from the devastating impact of Hurricane Milton, which has left over 3 million residents without power. The storm, which made landfall as a Category 3 hurricane, brought with it ferocious winds and heavy rainfall, causing widespread destruction across the state.

Power Outages and Damage
As of Thursday morning, nearly 3.3 million Floridians are without electricity. The National Hurricane Center reported that the storm, now downgraded to a Category 1, continues to produce damaging winds and heavy rainfall as it moves northeast off Florida’s coast. The storm surge has caused significant flooding in several areas, with some regions experiencing up to 5 feet of water.

Casualties and Emergency Response
Tragically, at least four people have lost their lives due to the storm. Emergency services are working tirelessly to restore power and provide aid to those affected. The state has mobilized resources to assist in the recovery efforts, but the extent of the damage means it will take time to fully restore normalcy.

Community Impact
Residents are urged to stay indoors and avoid flooded areas. Many communities are coming together to support each other, with shelters providing refuge for those displaced by the storm. The resilience and solidarity of Floridians are evident as they navigate this challenging time.

Looking Ahead
While Hurricane Milton moves away from Florida, the focus now shifts to recovery and rebuilding. Authorities are assessing the full extent of the damage and planning the next steps to ensure the safety and well-being of all residents.


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