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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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Ukraine Stands Firm Against Crimea Surrender Amid US Peace Proposal

 

A recent peace proposal from the Trump administration has sparked outrage among Ukrainian officials. The plan, which includes recognizing Russian authority over Crimea, has been met with firm resistance. Ukrainian lawmakers and the public have declared that formally surrendering Crimea is politically and legally impossible, as it would require constitutional changes and a nationwide vote. Many view such a move as treason and a betrayal of the sacrifices made by Ukrainian service members.

While some acknowledge that temporary territorial concessions might be necessary for peace, the idea of permanently relinquishing Crimea remains a red line for Ukraine. President Zelenskyy has reiterated that Crimea will never be recognized as part of Russia, despite mounting pressure from the U.S. and ongoing conflict with Russian forces.

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