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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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Nine-Month Odyssey: NASA Astronauts Return to Earth

NASA astronauts Butch Wilmore and Suni Williams, along with two other crew members, have safely returned to Earth after an extended nine-month mission aboard the International Space Station (ISS). Originally planned as an eight-day test mission, their stay was prolonged due to technical issues with the Boeing Starliner spacecraft.

The astronauts made their journey back aboard SpaceX's Crew Dragon capsule, which undocked from the ISS early Tuesday morning. After a 17-hour trip, the capsule re-entered Earth's atmosphere and splashed down off the coast of Florida under clear skies. The descent was slowed by two sets of parachutes, ensuring a smooth landing.

This mission highlighted NASA's contingency planning and the resilience of its astronauts. Wilmore and Williams, both veteran astronauts and retired U.S. Navy test pilots, faced months of uncertainty before their return. Their homecoming marks the end of a challenging yet historic chapter in space exploration.

The crew will now undergo health checks at NASA's Johnson Space Center in Houston before reuniting with their families. Their extended mission underscores the unpredictable nature of space travel and the importance of adaptability in overcoming challenges.

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