Skip to main content

Featured

Markets Brief: Iran Deal Hopes Drive Global Rally — TSX Eyes a Strong Open | May 29, 2026

It's been a week dominated by one headline: the U.S.-Iran war and the fragile hopes of a peace deal. Heading into the long weekend, markets are ending Friday on an optimistic note, with record-setting sessions in Asia and a strong tone across North America. Here's your full wrap. Canada — TSX After a rough patch mid-week, the TSX bounced back Thursday — its first gain since Monday's record close — finishing up around 0.7% to the 34,770s range, driven largely by a blockbuster round of Big Six bank earnings. All six of Canada's largest banks beat analysts' estimates for Q2 (quarter ended April 30), raising dividends and signalling cautious optimism despite the volatile global backdrop. RBC posted a standout quarter, with its Wealth Management division up 28% year-over-year. TD Bank earned $4.25 billion in adjusted net income ($2.38/share), topping expectations, and raised its dividend. CIBC's profit surged 43%, with adjusted EPS of $2.76 beating consensus by a wid...
Post a Comment
Read more

article

Labels

Tensions Escalate as Israeli Forces Open Fire on Protestors in Southern Lebanon

In a tragic turn of events, Israeli forces opened fire on protestors in southern Lebanon on Sunday, resulting in the deaths of at least 11 individuals and injuring more than 80 others. The protestors, some carrying Hezbollah flags, were demanding the withdrawal of Israeli troops in accordance with a ceasefire agreement that had been in place since late November.

The Lebanese Health Ministry reported that the casualties included two women and a Lebanese army soldier. The protestors had breached roadblocks set up by the Israeli army, leading to the violent confrontation. The Lebanese army has stated that it cannot fully deploy to the area until Israeli forces withdraw, while Israel maintains that it needs to stay longer to ensure that Hezbollah does not reestablish a military presence.

Lebanese President Joseph Aoun addressed the people of southern Lebanon, emphasizing the importance of Lebanon's sovereignty and urging residents to exercise self-restraint and trust in the Lebanese Armed Forces. The situation remains tense as both sides navigate the complexities of the ceasefire agreement and the ongoing conflict.

Labels:

Comments

Post a Comment