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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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Trump and Putin Set to Discuss Ukraine Ceasefire

Former U.S. President Donald Trump has announced plans to speak with Russian President Vladimir Putin on Tuesday in an effort to negotiate an end to the ongoing war in Ukraine. Speaking aboard Air Force One, Trump expressed optimism about the potential for progress, stating, "We want to see if we can bring that war to an end. Maybe we can, maybe we can't, but I think we have a very good chance".

The discussion is expected to focus on key issues such as territorial disputes and control over power plants, with Trump describing the talks as "dividing up certain assets". This marks a significant diplomatic move as the conflict, now in its third year, continues to devastate Ukraine and strain international relations.

While Trump has faced criticism for his approach to foreign policy, including his perceived affinity for Putin, his efforts to broker peace could serve as a pivotal moment in the conflict. The outcome of the talks remains uncertain, but the world watches closely as the two leaders prepare for this high-stakes conversation.

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