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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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Wall Street Slips Again, Heading for Third Losing Week in Four

 

Wall Street faced another downturn early Friday, setting the stage for its third losing week in the last four. The S&P 500 futures fell by 0.5%, while the Dow Jones Industrial Average futures dropped 0.4%. This decline follows a period of mixed economic signals and cautious comments from Federal Reserve Chair Jerome Powell regarding future interest rate cuts.

Despite a strong economy, recent inflation reports have been mixed, causing uncertainty about the Fed’s next moves. Investors are also keeping an eye on upcoming retail sales data, which could provide further insights into the economic outlook.

In corporate news, shares of Domino’s Pizza and Pool Corp. surged after reports that Warren Buffett’s Berkshire Hathaway had taken significant positions in these companies. Conversely, Ulta Beauty saw a decline after Berkshire reportedly sold most of its shares.

As the market navigates these fluctuations, investors remain cautious, awaiting clearer signals from economic data and the Federal Reserve’s decisions.






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