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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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Your lookahead horoscope: December 8, 2024

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

Every word you say will be taken seriously by other people over the coming year and because you are a bit of a joker that could cause problems. Try to remember that not everyone is as sharp as you mentally, or shares your warped sense of humour!

ARIES (March 21 - April 20):

Cosmic activity in the area of your chart that governs hopes and wishes means if there is something you desire you must let others know so they can get it for you. You appear to be extremely popular at the moment, so make the most of it.

TAURUS (April 21 - May 21):

Your imagination will move into overdrive this week and you will come up with all sorts of weird and wonderful ideas. However, not all of them will be viable, so be selective and only go with those that stand a reasonable chance of success.

GEMINI (May 22 - June 21):

Anyone foolish enough to disagree with you over the next few days is going to wish they had kept their doubts to themselves. You are in no mood to listen to criticism, not even from people whose opinions you trust. You’re right, they’re wrong, that’s it!

CANCER (June 22 - July 23):

You can get just about anyone to do just about anything for you now but that is not an invitation to start asking them to do everything. Do as much for yourself as you can this week and only call for assistance when you genuinely need it.

LEO (July 24 - Aug. 23):

It will pay you to be a bit secretive about your plans and ideas over the next few days. If you let slip information that could be of benefit to your rivals they won’t hesitate to take advantage of it, leaving less room for you to impress.

VIRGO (Aug. 24 - Sept. 23):

The message of the stars for the coming week is that it will pay you to be suspicious of someone who wants your backing for their latest big idea. It might sound like a winner and a money-spinner but the planets warn it has serious flaws.

LIBRA (Sept. 24 - Oct. 23):

Your optimistic mood is such that you could easily overdo it and take on challenges that eat into your time and energy more than you expected. Be selective about what you commit yourself to. This is one of those occasions when less can be more.

SCORPIO (Oct. 24 - Nov. 22):

Ignore whatever advice comes your way from family and friends and follow your instincts to the letter. That may put you at odds with people who love you but they will love you even more when they realize you know exactly what you are doing.

SAGITTARIUS (Nov. 23 - Dec. 21):

You may be the life and soul of the party but don’t get carried away. Just because you are popular now doesn’t mean you can say and do things that are likely to upset other people. You could go from hero to zero in a matter of minutes.


CAPRICORN (Dec. 22 - Jan. 20):

If you get the chance to do a good deed for someone this week then take it and don’t ask for or expect anything in return. One small act of kindness will not only help them out but will make you feel good about yourself as well, and that’s priceless.

AQUARIUS (Jan. 21 - Feb. 19):

If something is on your mind this week then you must come out and say it, even though you know that not everyone will be happy with the message you have to convey. You have never been the sort to seek popularity and maybe that’s just as well!

PISCES (Feb. 20 - Mar. 20):

You are in one of those moods when the thought of failure does not enter your head and you will take any risk to make a name for yourself. Will you succeed beyond your wildest dreams? Or will you fall flat on your face? You’ll have fun finding out.

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