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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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Conservatives Leverage Singh's Critique in Non-Confidence Motion


In a strategic move, the Conservative Party plans to introduce a non-confidence motion next week, utilizing NDP Leader Jagmeet Singh's own words to challenge the minority Liberal government. The motion quotes Singh's criticism of the Liberals, accusing them of succumbing to corporate greed by ordering binding arbitration in labor disputes involving the nation's largest rail yards.

The proposed motion aims to persuade New Democrats to join forces with the Conservatives, declaring a loss of confidence in Prime Minister Justin Trudeau and his government. If successful, this motion could trigger an immediate election, a scenario the Conservatives are eager to see.

Government House Leader Karina Gould has announced plans to schedule opposition days for both the Conservatives and the NDP next week, providing a platform for this critical motion. The outcome of this political maneuver remains uncertain, as the NDP has previously taken a case-by-case approach to non-confidence votes.

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