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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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El Salvador Stands Firm on U.S. Deportation Error

 

El Salvador has refused to return Kilmar Abrego Garcia, a Maryland resident mistakenly deported by the United States. President Nayib Bukele made the announcement during a meeting with U.S. President Donald Trump at the White House, dismissing the idea of sending Garcia back as "preposterous". 

The U.S. Supreme Court recently ruled that the Trump administration must facilitate Garcia’s return, acknowledging that his deportation was an administrative error. However, Bukele has insisted that his government will not comply, citing concerns over Garcia’s alleged gang affiliation—an accusation his lawyers strongly deny. 

The case has sparked debate over U.S. immigration policies and international cooperation. While the U.S. government has admitted the mistake, officials argue that they cannot force El Salvador to release Garcia. Meanwhile, human rights advocates continue to push for his return, emphasizing the lack of credible evidence linking him to criminal activity. 

This diplomatic standoff highlights the complexities of immigration enforcement and the challenges of rectifying wrongful deportations. Whether Garcia will be allowed to return to the U.S. remains uncertain as legal and political tensions escalate.

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