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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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Escalation in Middle East: Israeli Strikes in Gaza and Beirut Amid US Aid Deadline

 

In a series of recent escalations, Israeli airstrikes have resulted in significant casualties in Gaza and Beirut. On Monday, two Israeli strikes in Gaza killed at least 14 people, including two children and a woman. The strikes targeted a cafeteria in the Muwasi humanitarian zone west of Khan Younis, resulting in 11 deaths. Another strike hit a house in the Nuseirat refugee camp, killing three more individuals.

Simultaneously, Israeli airstrikes hit the southern suburbs of Beirut, causing extensive damage and raising regional tensions. These actions coincide with the expiration of a U.S.-imposed deadline for Israel to increase humanitarian aid to Gaza. Despite some steps taken by Israel, U.S. officials have indicated that the efforts are insufficient, potentially impacting American military support.

The situation remains volatile, with international aid groups urging for greater humanitarian access to the war-torn regions.


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