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Markets Update: Wall Street Takes a Memorial Day Pause as Asian Stocks Surge to Records

It's a split-holiday Monday for global investors. While American traders step away from their screens for Memorial Day — leaving the NYSE and Nasdaq dark until Tuesday — the Toronto Stock Exchange is open for business , and markets across Asia are delivering some of the most dramatic moves of the year. Here's everything you need to know before the North American week kicks into full gear. Canada — TSX Open While the US Rests The S&P/TSX Composite Index closed Friday, May 22 at 34,471.36 , up a modest 0.18%, as financials provided support heading into the long weekend. With Victoria Day already behind us (it fell on May 18 this year), the TSX is the only major North American exchange open today, which could translate into lighter-than-usual volumes as cross-border activity slows. The loonie was last quoted near CAD/USD 0.7242 , holding relatively steady as oil prices — a key driver of Canada's export revenues — remain in focus amid evolving Middle East negotiations. Wa...
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European Leaders Reaffirm Commitment to Paris Climate Agreement at Davos

In a strong show of unity, European leaders at the World Economic Forum in Davos have vowed to uphold the Paris climate agreement, despite the recent withdrawal of the United States under President Donald Trump. European Union chief Ursula von der Leyen emphasized that Europe will continue to work with nations committed to protecting nature and combating global warming. She reiterated that the Paris Agreement remains the best hope for humanity to limit global temperature increases.

The announcement comes amid growing concerns about the global climate crisis and the need for urgent action. Climate activists at Davos also made their voices heard, calling for increased taxation on the super-rich to fund a just and green future. United Nations climate chief Simon Stiell highlighted the unstoppable energy transition, with significant investments in clean energy.

Despite the U.S. withdrawal, European leaders remain steadfast in their commitment to the Paris Agreement, aiming to lead the global fight against climate change and ensure a sustainable future for all.

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