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5 Things to Know Today: Your Canadian Money Brief — June 2, 2026

  Tuesday, June 2, 2026  |  MoneySavings.ca Markets are mixed, a big government cheque is days away, and the Bank of Canada is just over a week from its next rate call. Here's what every Canadian should have on their radar this morning. 1 of 5 TSX Inches Lower as Gold Slips and Financials Feel the Heat The S&P/TSX Composite closed Monday at 34,735 points, down about 0.10% from Friday's session. It was a tale of two sectors: financials dragged on the index as RBC and TD each lost close to 1%, with CIBC shedding nearly 2%, while gold miners also pulled back — Agnico Eagle fell 3.5% and Barrick dropped close to 3%. On the bright side, energy stocks surged as oil prices rallied, with Canadian Natural Resources up nearly 3% and Suncor gaining over 3%. Shopify also climbed roughly 2% on enthusiasm around AI chip advances. Year-to-date, the TSX is up about 9.5% — trailing Japan's Nikkei (+31.8%) but ahead of the S&P 500 (+11.0%) for the period through June 1. 💡 Money Ti...
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Drone Strike Sparks Emergency in Russian Port City

The Russian port city of Novorossiysk has declared a state of emergency following a Ukrainian drone attack that damaged residential buildings and injured at least five people, including two children. Mayor Andrei Kravchenko announced the decision on his official Telegram account, sharing images of the destruction and directing officials to respond to the crisis.

One of the injured, a woman, remains in serious condition at a local hospital. The attack also affected a grain terminal, with debris from falling drones causing damage to storage units and sparking a fire, which has since been extinguished. Authorities are assessing the full extent of the damage and providing assistance to those affected.

Ukraine has yet to comment on the incident, though its air force reported that Russia launched 183 drones and two ballistic missiles overnight. The ongoing conflict continues to escalate, with both sides engaging in aerial strikes.

This latest attack underscores the growing intensity of hostilities between Russia and Ukraine, raising concerns about civilian safety and infrastructure stability in the region.

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