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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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Intensified Conflict: Airstrikes Hit Beirut as Israel Expands Gaza Operations

 

In the early hours of Thursday, several large airstrikes targeted the southern suburbs of Beirut, including a site near Lebanon’s only international airport. The Israeli military had issued an evacuation notice for the area, citing the presence of Hezbollah facilities.

Simultaneously, Israel has expanded its ground operations in northern Gaza, focusing on Beit Lahiya, a town heavily bombed since the conflict began. This escalation follows a month of intense military actions that have resulted in significant casualties on both sides.

Hezbollah’s leader, Naim Kassem, stated that the group is open to cease-fire negotiations only if Israel halts its aggression. The conflict, which started over a year ago, has seen over 3,000 deaths and thousands more injured in Lebanon alone.

The international community continues to call for a diplomatic resolution, with France’s Foreign Minister urging for immediate action towards peace. As the situation develops, the humanitarian crisis deepens, with civilians bearing the brunt of the ongoing violence.



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