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TSX Gains, US Futures Dip as Iran Talks Stall and Salesforce Earnings Loom

  Wednesday, May 27, 2026 | Canadian Money Brief — moneysavings.ca Global markets are starting Wednesday on a cautious note. After a strong Tuesday session on Wall Street and a solid gain on the TSX, pre-market futures are pointing lower as geopolitical uncertainty around the US-Iran conflict and the Strait of Hormuz reasserts itself. Meanwhile, a packed earnings calendar — led by Salesforce after the bell — is keeping traders on their toes. TSX — Canada The S&P/TSX Composite closed Monday (May 25) at 34,830.89, up 1.04% (+359.53 points) — its highest level in weeks — riding optimism around a potential US-Iran agreement and a surge in mining stocks. Gold-linked names were front and centre: Agnico Eagle gained 4.6%, Barrick rose 4.2%, and Wheaton Precious Metals added 5.6% as gold prices climbed. Energy stocks were the main laggards, with Canadian Natural falling 3.6% and Suncor losing 3% as crude pulled back below $100 on hopes of a Hormuz reopening. Investor attention this we...
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Canada Dodges Major Impact in Trump's Tariff Storm

In a sweeping move, U.S. President Donald Trump announced retaliatory tariffs targeting imports from dozens of countries. While Canada wasn't entirely spared, it avoided the harshest measures. The new tariffs include a 25% levy on foreign-made automobiles, which could have significant implications for Canada's auto industry. However, Canada is exempt from the baseline 10% tariff applied to other nations.

Trump's administration claims these tariffs aim to bolster domestic manufacturing, but critics warn of potential economic fallout, including higher consumer prices and strained international relations. Canada, already facing tariffs on steel, aluminum, and energy, remains cautious as bilateral tensions continue to rise.

Prime Minister Mark Carney has vowed to address these challenges, emphasizing the importance of preserving Canada's economic stability amid shifting trade dynamics. The situation underscores the delicate balance between maintaining trade partnerships and navigating protectionist policies.

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