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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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Escalation in Gaza: Hospital in Flames Amidst Conflict

 

In a tragic turn of events, Israeli troops stormed the Kamal Adwan Hospital in northern Gaza on Friday, forcibly removing staff and patients before setting parts of the hospital on fire. The hospital, one of the last operating in the area, has been repeatedly targeted over the past three months as Israeli forces continue their offensive against Hamas fighters.

The Gaza Health Ministry reported that the troops forced medical personnel and patients to assemble in the hospital yard, where they were stripped of their clothes in the cold winter temperatures. Some patients were relocated to the nearby Indonesian hospital, which had already been knocked out of operation by an Israeli raid earlier in the week.

The ministry's account, which could not be independently confirmed, described fires being set in several parts of the hospital, including the lab and surgery department. An audio message from an unidentified staff member posted on social media highlighted the dire situation, with patients unhooked from oxygen and at risk of dying at any moment.

This incident is part of a broader offensive that has seen northern Gaza areas like Jabaliya, Beit Hanoun, and Beit Lahiya virtually sealed off, with large parts of these districts leveled. The ongoing conflict has raised fears of famine, with the U.N. reporting only four humanitarian deliveries to the area from December 1 to December 23.

The Israeli military has claimed that their operations target Hamas infrastructure and fighters, though they have provided no evidence to support their accusations that Hamas fighters were operating inside Kamal Adwan Hospital. Hospital officials have denied these claims.

The situation remains dire, with thousands of Palestinians forced out of their homes and the health sector in Gaza devastated by the nearly 15-month-old campaign of bombardment and offensives. The international community continues to watch closely as the humanitarian crisis in Gaza deepens.


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