Skip to main content

Featured

Canadian Money Brief – June 3, 2026: TSX Hits Record, Wall Street Retreats from Highs

  Wednesday, June 3, 2026  |    MoneySavings.ca Daily Markets Desk Markets head into Wednesday on a cautious note. Tuesday's record-setting session on the TSX and another all-time high for Wall Street are giving way to some early-morning hesitation — Dow futures are sliding ahead of the open as investors digest elevated oil prices, fresh warnings from the International Energy Agency, and ongoing uncertainty around the U.S.-Iran situation. Here's where everything stood at Tuesday's close and what to watch today. Canada — TSX Composite The S&P/TSX Composite closed Tuesday, June 2 at 35,169 , up 434 points (+1.25%) — a fresh all-time record. The index has now gained roughly 10% year-to-date , making it one of the stronger-performing major benchmarks globally. Energy and mining stocks led the charge. Canadian Natural Resources rose 2.8%, Imperial Oil gained 3%, and Cenovus advanced 4%. Among miners, Barrick climbed 2% on reports it is exploring a London listing for ...
Post a Comment
Read more

article

Labels

Trade Tensions Escalate as Trump Maintains Tariffs Amid Ford's Policy Shift

 

In a recent development, U.S. President Donald Trump has decided to keep the 25% tariffs on steel and aluminum imports intact, despite Ontario Premier Doug Ford's decision to lift the electricity tax on U.S.-bound energy. The tariffs, initially imposed as part of a broader trade strategy, have been a point of contention between the two nations.

Ford's move to remove the electricity tax was seen as an olive branch to ease trade tensions. However, Trump's administration has opted to maintain the tariffs, citing the need to protect domestic industries. This decision has sparked mixed reactions, with some applauding the commitment to American manufacturing, while others criticize the potential strain on U.S.-Canada relations.

The ongoing trade dispute underscores the complexities of international economic policies and their far-reaching implications. As both leaders stand firm on their respective stances, the path to resolution remains uncertain.

Labels:

Comments

Post a Comment