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Canadian Money Brief: Weekly Market Snapshot — May 26–30, 2026

TSX Composite: Resilient Near Record Highs It was a steady week for the S&P/TSX Composite, with the index trading just above the 34,500 level heading into Friday's close — not far from its 52-week high of 34,846. The market found support from several directions: optimism around a potential US–Iran ceasefire extension, strong performances in technology, mining, and industrial names, and falling bond yields following weaker-than-expected economic data. On the sector level, tech and metal mining led gains, while energy producers were mixed after oil prices pulled back from recent highs. Among the big banks, RBC, TD, and BMO each climbed roughly 1% on the week, helped by lower inflation concerns easing pressure on borrowing costs. Gold miners also had a solid run — Agnico Eagle added over 0.5% and Franco-Nevada advanced close to 1%. Year-to-date, the TSX is up approximately +9.3% , placing it third among major global indexes, behind Japan's Nikkei 225 (+29.1%)...
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Wall Street Futures Slide Amid AI Bubble Concerns

 

US stock futures retreated on Tuesday as mounting fears of an AI-driven market bubble weighed heavily on investor sentiment. The Dow Jones Industrial Average futures fell 0.7%, marking the worst three-day run for the blue-chip index since April. The Nasdaq 100 slipped 0.8%, while the S&P 500 dropped 0.6%, extending losses from a bruising session earlier this week.

The pullback comes ahead of a pivotal Nvidia earnings report, which investors see as a litmus test for the sustainability of the AI boom. Concerns about inflated valuations in the sector have grown, particularly as chipmakers and tech giants face scrutiny over their aggressive expansion into AI infrastructure.

Adding to the turbulence, Bitcoin briefly dipped below $90,000, erasing all of its gains for the year and deepening a global sell-off in cryptocurrencies. The decline rattled Asian markets, with Japanese stocks suffering their steepest loss since April. Meanwhile, 10-year Treasury yields fell, reflecting a flight to safety amid the risk-off mood.

Investors are also bracing for shutdown-delayed US jobs data and other key economic indicators later this week, which could provide fresh insight into the health of the economy and the Federal Reserve’s policy path. With AI valuations under pressure and broader economic uncertainty looming, markets appear increasingly fragile.

In short, Wall Street is entering a critical week where AI optimism collides with valuation fears, and the outcome of Nvidia’s earnings could set the tone for the next leg of the market’s trajectory.


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