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Oil Swings, Records Fall, and Bank Earnings Roll In: Markets Update — May 28, 2026

  Thursday is shaping up to be an eventful one for markets. A sharp rebound in oil prices — triggered by fresh U.S. military strikes in Iran overnight — is rattling futures this morning, even as Wall Street closed at fresh records on Wednesday. Here in Canada, the TSX pulled back sharply, weighed down by energy-sector volatility and mixed signals from the big banks. Traders are also keeping a close eye on two major U.S. data releases due today: April PCE inflation and the Q1 GDP second estimate. Canada The TSX had a rough Wednesday. The S&P/TSX Composite shed 241.82 points — roughly 0.70% — to close at 34,412.05, as energy stocks were dragged lower by falling crude prices. The loonie dipped slightly as well, with the Canadian dollar trading at 72.29 cents U.S., compared with 72.40 cents the day before. It's a big week for Canadian bank earnings, and results so far have been mixed but largely solid. Bank of Nova Scotia and BMO Financial Group both reported stronger second-quar...
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Unity and Festivity: Muslims Celebrate Eid al-Fitr Across the Globe


Eid al-Fitr, the "Festival of Breaking the Fast," marks the end of Ramadan, a month of fasting, prayer, and reflection observed by Muslims worldwide. This joyous occasion, often lasting for three days, is celebrated with a variety of customs that unite families, communities, and cultures.

Beginning with a special prayer known as Salat al-Eid, millions gather in mosques and open spaces to give thanks to Allah for strength and blessings during Ramadan. The day is filled with generosity as people exchange gifts, donate to charities, and share meals with loved ones and the less fortunate. Homes are filled with the aroma of traditional dishes, and children revel in festivities, wearing new clothes and receiving treats.

Eid al-Fitr is not only a religious celebration but also a moment to bridge gaps, foster unity, and embrace cultural diversity across the Muslim world. The warmth and inclusiveness of the celebration resonate globally, showcasing the rich traditions and universal values of compassion and gratitude. 

 

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