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Markets Brief: Iran Deal Hopes Drive Global Rally — TSX Eyes a Strong Open | May 29, 2026

It's been a week dominated by one headline: the U.S.-Iran war and the fragile hopes of a peace deal. Heading into the long weekend, markets are ending Friday on an optimistic note, with record-setting sessions in Asia and a strong tone across North America. Here's your full wrap. Canada — TSX After a rough patch mid-week, the TSX bounced back Thursday — its first gain since Monday's record close — finishing up around 0.7% to the 34,770s range, driven largely by a blockbuster round of Big Six bank earnings. All six of Canada's largest banks beat analysts' estimates for Q2 (quarter ended April 30), raising dividends and signalling cautious optimism despite the volatile global backdrop. RBC posted a standout quarter, with its Wealth Management division up 28% year-over-year. TD Bank earned $4.25 billion in adjusted net income ($2.38/share), topping expectations, and raised its dividend. CIBC's profit surged 43%, with adjusted EPS of $2.76 beating consensus by a wid...

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Peaceful Protests in London Amid Heavy Police Presence

 

London witnessed significant demonstrations from both right-wing, anti-immigrant protesters and opposing anti-racism groups. The rallies, which were closely monitored by a substantial police presence, passed off peacefully without any major incidents.

The heightened police operation was aimed at preventing clashes between the rival groups, ensuring the safety of all participants. Authorities had prepared extensively to manage the large crowds and maintain order throughout the day.

Despite the contrasting messages of the two groups, the day concluded without any significant disturbances, showcasing the effectiveness of the police strategy and the commitment of the demonstrators to peaceful protest.


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