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Canadian Money Brief – June 1, 2026: Markets Kick Off June on a High Note

  Markets Kick Off June on a High Note A strong finish to May carries momentum into the first trading session of June, with tech leading the charge and a major Berkshire deal grabbing headlines. At a Glance — Friday May 29 Close (Most Recent Confirmed) Index / Asset Level Change S&P/TSX Composite 34,769 +0.73% S&P 500 7,580 +0.22% Dow Jones 51,032 +0.72% Nasdaq Composite 26,973 +0.20% CAD/USD 0.7249 –0.06% WTI Crude Oil US$87.36/bbl –1.73% Gold US$4,574/oz –0.42% Sources: Yahoo Finance, Trading Economics. Closing data as of May 29, 2026. June 1 intraday data referenced in body. May Goes Out on a High North American markets wrapped up May in fine form. All three major U.S. indexes — the S&P 500, the Dow, and the Nasdaq — finished Friday at record closing highs, capping a month that saw the tech-heavy Nasdaq surge roughly 8% and the S&P 500 gain around 5%. The TSX also had a solid run, closing above the 34,700 mark on Friday, supported by a rebound in financials and ...
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Canada Post and Workers at Odds Over Wages, Weekend Delivery

 

Canada Post and the Canadian Union of Postal Workers (CUPW) are currently locked in a dispute over wages and weekend delivery. The conflict has led to a nationwide strike involving over 55,000 postal workers, just days before the busy holiday season.

The main points of contention include Canada Post's proposal to hire more part-time workers for weekend parcel delivery, which the union opposes. The union argues that this would undermine job security and lead to lower wages. Additionally, the union is seeking fair wages and improved working conditions, citing the rising cost of living as a significant factor.

Canada Post, on the other hand, has proposed wage increases above inflation over the next four years and aims to introduce a flexible seven-day delivery model to remain competitive. However, the union is pushing for a compounded wage increase of 24% over the same period.

As negotiations continue, the strike has already begun to impact mail and parcel deliveries, causing concern among businesses and consumers alike. The outcome of these talks will be crucial in determining the future of postal services in Canada.

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