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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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First Votes in U.S. Election Result in Trump-Harris Tie

 

In a surprising start to the U.S. presidential election, the first votes cast in the small community of Dixville Notch, New Hampshire, have resulted in a tie between former President Donald Trump and Vice President Kamala Harris. Each candidate received three votes, reflecting the incredibly close race that has been predicted by opinion polls.

Dixville Notch, known for its tradition of midnight voting, has once again kicked off Election Day with its early results. This tiny hamlet, with a population of just six, has been the first to report its results for decades. The tie underscores the intense competition between Trump and Harris as they vie for the presidency.

As the rest of the country prepares to cast their ballots, the early tie in Dixville Notch sets the stage for what promises to be a closely contested election. Both campaigns are making their final pushes to mobilize voters, with key battleground states expected to play a crucial role in determining the outcome.

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