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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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Farmers Rally in London Against Inheritance Tax Changes

 

Thousands of farmers from across the UK gathered in London today to protest against the government’s recent changes to inheritance tax rules. The demonstration, one of the largest in recent memory, saw farmers marching through Westminster, voicing their concerns over the potential impact on their livelihoods and the future of British farming.

The new tax reforms, announced in the latest budget, will impose a 20% inheritance tax on farms valued over £1 million starting from April 2026. Farmers argue that this change will force many to sell parts of their land to cover the tax bill, threatening the continuity of family-run farms and impacting food security.

Max Sealy, a representative of the National Farmers’ Union (NFU), expressed the widespread frustration: "This is a bad tax - it’s been badly implemented because it will affect growth productivity in the country". The protest drew support from various public figures, including TV presenter and farm owner Jeremy Clarkson, who urged the government to reconsider the policy.

Despite the government’s assurances that only the wealthiest estates will be affected, farmers remain unconvinced. They cite data suggesting that a significant portion of farms will fall under the new tax threshold, contrary to the government’s estimates.

As the protest continues, the NFU plans to lobby MPs, hoping to reverse the changes and secure a more favorable outcome for the farming community.


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