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Oil Swings, Records Fall, and Bank Earnings Roll In: Markets Update — May 28, 2026

  Thursday is shaping up to be an eventful one for markets. A sharp rebound in oil prices — triggered by fresh U.S. military strikes in Iran overnight — is rattling futures this morning, even as Wall Street closed at fresh records on Wednesday. Here in Canada, the TSX pulled back sharply, weighed down by energy-sector volatility and mixed signals from the big banks. Traders are also keeping a close eye on two major U.S. data releases due today: April PCE inflation and the Q1 GDP second estimate. Canada The TSX had a rough Wednesday. The S&P/TSX Composite shed 241.82 points — roughly 0.70% — to close at 34,412.05, as energy stocks were dragged lower by falling crude prices. The loonie dipped slightly as well, with the Canadian dollar trading at 72.29 cents U.S., compared with 72.40 cents the day before. It's a big week for Canadian bank earnings, and results so far have been mixed but largely solid. Bank of Nova Scotia and BMO Financial Group both reported stronger second-quar...
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Honouring the Fallen: Canadians Unite on Remembrance Day

 

Today, Canadians from coast to coast gather to commemorate Remembrance Day, a solemn occasion dedicated to honoring the brave men and women who sacrificed their lives in military service. Ceremonies are held at cenotaphs and war memorials across the country, with the National War Memorial in Ottawa serving as the focal point for national observances.

Prime Minister Justin Trudeau and Governor General Mary Simon are among the dignitaries attending the ceremony in Ottawa. They are joined by Maureen Anderson, this year’s Silver Cross Mother, who represents all mothers who have lost children in military service. Anderson’s two sons, Sgt. Ron Anderson and Sgt. Ryan Anderson, both served in Afghanistan and tragically passed away after battling post-traumatic stress disorder.

At 11 a.m., Canadians observe a moment of silence, marked by the mournful sound of the Last Post, to remember and honor the fallen. This tradition, rooted in the anniversary of the Armistice agreement that ended World War I, continues to resonate deeply with Canadians, reflecting the nation’s enduring gratitude and respect for its veterans.

In addition to the national ceremony, numerous local events and activities take place, including parades, wreath-laying ceremonies, and educational programs aimed at preserving the memory of those who served. These events provide an opportunity for Canadians of all ages to reflect on the sacrifices made for the freedoms they enjoy today.

Remembrance Day is not only a time to remember the past but also to recognize the ongoing contributions of Canada’s armed forces. It serves as a poignant reminder of the cost of peace and the importance of continuing to strive for a better, more peaceful world.


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