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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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Stalemate in Gaza Negotiations: Hopes for Ceasefire Dim


Efforts to restore peace in Gaza have hit another roadblock, as the latest round of talks in Cairo concluded without any significant progress. Egyptian and Palestinian sources revealed that Hamas remains firm in its stance, demanding that any agreement must lead to an end to the ongoing conflict. Meanwhile, Israel has reiterated its position that the war will continue until Hamas is completely dismantled.

Despite the impasse, there were glimpses of potential compromise. Hamas reportedly showed some flexibility regarding the number of hostages it might release in exchange for Palestinian prisoners held by Israel. However, the militant group has requested guarantees that Israel will engage in discussions for the next phase of the ceasefire agreement, which aims to end the war.

The situation in Gaza remains dire, with intensified Israeli airstrikes causing widespread devastation. Civilians are bearing the brunt of the conflict, as rescue workers struggle to recover bodies from the rubble of destroyed buildings. The humanitarian crisis continues to deepen, leaving the population in desperate need of relief.

The international community watches closely, hoping for a breakthrough that could pave the way for lasting peace in the region. For now, the stalemate persists, and the path to resolution remains uncertain.

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