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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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Ingersoll Community Grapples with GM Plant Shutdown

 


The General Motors CAMI Assembly Plant in Ingersoll, Ontario, is facing a temporary shutdown, leaving hundreds of workers in uncertainty. The decision, attributed to market adjustments for BrightDrop electric delivery vehicles, has sparked concern among employees and local leaders. Unifor Local 88 CAMI Plant Chairperson Mike Van Boekel described the move as "devastating," highlighting the profound impact on families and the regional economy.

The plant, employing approximately 1,200 workers, will halt operations next month and resume in October at reduced capacity. This shift is expected to result in the indefinite layoff of nearly 500 workers. Ingersoll Mayor Brian Petrie expressed solidarity with affected families, emphasizing the importance of community support during this challenging period.

While GM remains committed to the BrightDrop initiative, the shutdown underscores broader challenges in the automotive industry. The Ingersoll community now faces the ripple effects of this decision, hoping for a swift recovery and a brighter future.

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