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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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Canada’s Alert Ready System Set for Annual Test Today



Canada’s emergency public alerting system, Alert Ready, is undergoing its annual test today across most provinces and territories. The test will be broadcast on TV, radio, and compatible wireless devices, ensuring that the system functions properly and raises public awareness.

Each province and territory has a designated test time, ranging from morning to afternoon, except Quebec, which is not participating in this round of testing. The test will simulate an emergency alert, complete with the distinctive alert tone, but requires no action from the public.

The Canadian Radio-Television and Telecommunications Commission (CRTC) mandates at least one test per year, typically conducted during Emergency Preparedness Week, which runs from May 4–10 this year. The goal is to ensure Canadians are familiar with the system and prepared for real emergencies, such as tornadoes, floods, fires, and AMBER alerts.

While most Canadians will receive the test alert, some may not due to device compatibility, network connection, or cell tower coverage. Given the importance of emergency warnings, Canadians cannot opt out of receiving these alerts.

This annual test serves as a crucial reminder of the importance of emergency preparedness. Canadians are encouraged to review their emergency plans and kits to ensure they are ready for unexpected situations.


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