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Markets Brief: Iran Deal Hopes Drive Global Rally — TSX Eyes a Strong Open | May 29, 2026

It's been a week dominated by one headline: the U.S.-Iran war and the fragile hopes of a peace deal. Heading into the long weekend, markets are ending Friday on an optimistic note, with record-setting sessions in Asia and a strong tone across North America. Here's your full wrap. Canada — TSX After a rough patch mid-week, the TSX bounced back Thursday — its first gain since Monday's record close — finishing up around 0.7% to the 34,770s range, driven largely by a blockbuster round of Big Six bank earnings. All six of Canada's largest banks beat analysts' estimates for Q2 (quarter ended April 30), raising dividends and signalling cautious optimism despite the volatile global backdrop. RBC posted a standout quarter, with its Wealth Management division up 28% year-over-year. TD Bank earned $4.25 billion in adjusted net income ($2.38/share), topping expectations, and raised its dividend. CIBC's profit surged 43%, with adjusted EPS of $2.76 beating consensus by a wid...

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A Legacy of Compassion: Pope Francis' Popemobile Transformed into a Mobile Clinic for Gaza's Children

 

In a remarkable act of humanitarian aid, one of Pope Francis' iconic popemobiles is being repurposed into a mobile health clinic for children in Gaza. This initiative, entrusted to the Catholic aid organization Caritas Jerusalem, was one of the late pontiff's final wishes before his passing.

The vehicle, originally used during Francis' 2014 pilgrimage to the Holy Land, is being retrofitted with essential medical equipment, including diagnostic tools, vaccines, and emergency supplies. Once humanitarian access to Gaza is feasible, the clinic will be staffed by doctors and medics, providing critical care to children suffering from malnutrition and injuries.

Peter Brune, Secretary General of Caritas Sweden, emphasized that this project is more than just a vehicle—it is a message to the world that the children of Gaza have not been forgotten. The initiative reflects Pope Francis' enduring commitment to peace and his advocacy for vulnerable communities, particularly in conflict zones.

As the Vatican prepares to elect Francis' successor, this mobile clinic stands as a testament to his legacy of compassion and service. It is a powerful reminder that even in times of crisis, humanitarian efforts can bring hope and healing to those in need.

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