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Weekly Market Snapshot — May 2, 2026: TSX Slips on Energy & Bank Pressure

Your weekly brief on what moved Canadian markets — and what to watch next. TSX at a Glance The S&P/TSX Composite Index ended Friday down 0.2% at 33,891 , underperforming its U.S. counterparts as pressure mounted from energy producers and banks amid a busy earnings season. Energy Sector Under Pressure Oil prices remained a key headwind for the week. WTI crude stayed volatile as diplomatic efforts between Iran and the U.S. showed limited progress, keeping inflation risks and supply disruptions front of mind for investors. On the equity side, Canadian Natural Resources and Suncor both dropped around 1.5%, while Imperial Oil sank 4% following its earnings release. TC Energy also fell over 1% after its quarterly report. Banks Feel the Pinch Canada's big banks didn't escape the week unscathed. Heavyweight financial names TD and RBC closed in the red, weighed down by pessimistic spending demand signals highlighted in the domestic GDP report released Thursday. Earni...
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Tragedy Strikes: Helicopter Crash in Hudson River Claims Six Lives

A devastating helicopter crash occurred in the Hudson River near Manhattan, New York City, on Thursday afternoon, leaving six people dead. The incident involved a Bell 206 helicopter, which reportedly plunged into the water at approximately 3:15 p.m. local time. Videos shared on social media showed the aircraft submerged and upside down in the river.

Emergency responders, including rescue boats and fire department units, rushed to the scene to perform rescue operations. The crash site was located near the Manhattan waterfront, close to a maintenance pier for the Holland Tunnel's ventilation towers. Witnesses described the helicopter's descent as sudden and alarming, with pieces of the rotor falling off before the aircraft hit the water.

Authorities have confirmed that all six individuals aboard the helicopter, including the pilot, tragically lost their lives. Among the victims were a family of five visiting from Spain. The cause of the crash remains under investigation by the Federal Aviation Administration and the National Transportation Safety Board.

This incident adds to the history of aviation accidents in the area, highlighting the risks associated with the busy skies over Manhattan. The city has seen multiple helicopter crashes over the years, including a collision in 2009 and a fatal crash in 2018.


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