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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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Ontario Braces for Back-to-Back Snowstorms: Travel Warnings Issued

Winter is in full swing across Ontario, with three more rounds of snow expected to hit the region this week. The back-to-back storm systems are bringing gusty winds and heavy snowfall, making travel difficult and dangerous.

The first round of snow, a clipper system, has already blanketed eastern Ontario with 5-10 cm of snow, leading to school bus cancellations and winter weather travel advisories in the Greater Toronto Area (GTA). Visibility has been significantly reduced at times, prompting warnings for drivers to slow down and be prepared to stop.

As the clipper system moves out, lake-effect snow will sporadically impact southern Ontario, potentially bringing **10-20 cm of snow** locally. Another clipper system is expected to spread snow from Thunder Bay to Ottawa through Thursday afternoon, adding another 5-10 cm of snow to the mix.

The most significant event is forecasted for Thursday night into Friday, with a Texas low developing near Lake Erie. This system could bring a mix of rain and snow, changing to heavy snowfall as colder air moves in. Forecasters are closely monitoring the storm's track, as it could be quite impactful for the region.

With temperatures plunging into the minus teens by Saturday, Ontarians are advised to stay updated with the latest weather alerts and road conditions. The first few weeks of February are expected to be volatile, with an active pattern of winter systems.




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