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TSX Surges Nearly 2% on Thursday as Bombardier Leads Broad Rally into May

Friday, May 1, 2026 | Canadian Money Brief | moneysavings.ca TSX Posts Strong Close to April Canada's main stock index finished April on a high note. The S&P/TSX Composite Index gained 645.94 points, or 1.9%, to close Thursday at 33,964.33. That capped a positive month for the index, with consumer, health-care, and discretionary sectors all contributing to the advance. The Canadian dollar recovered 0.47 cents to 73.62 cents U.S. Bombardier Steals the Show The session's headline mover was Bombardier. Bombardier jumped $48.59, or 20.4%, to close at $288.40 — the top of the main index — after the business jet maker beat estimates for first-quarter profit, helped by robust demand for its repair and maintenance services. On the broader earnings front, Bausch Health edged up 12 cents, or 1.7%, to $7.79, after the pharmaceutical firm's first-quarter results also beat estimates. Among notable decliners, Allied Properties REIT fell 26 cents, or 2.6%, to $9.84 after the...
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Israel Strikes Hezbollah Targets Deep Inside Lebanon: Escalating Tensions and Aerial Confrontations

In a significant escalation of hostilities, the Israeli Air Force carried out rare strikes on targets deep inside Lebanon. These strikes, which occurred on Monday, have raised concerns and revived tensions in the region. Here are the key details:

  1. The Strikes: Israeli warplanes targeted locations associated with the militant Hezbollah group within Lebanese territory. The strikes were notably deep into Lebanon, near the northeastern city of Baalbek. Residents reported explosions, and at least two people lost their lives in the attacks.

  2. Hezbollah’s Response: The Israeli strikes came shortly after Hezbollah claimed to have shot down an Israeli drone using its air defense system. This incident further heightened the already tense situation along the Lebanon-Israel border.

  3. Context: These strikes mark some of the deepest Israeli military actions within Lebanon since the onset of the Israel-Hamas war more than four months ago. The conflict has been ongoing, and the recent events underscore the volatility of the region.

  4. Cease-Fire Talks: Interestingly, these strikes occurred just a day after Israel’s Defense Minister, Yoav Gallant, vowed to intensify attacks on Hezbollah, even if a cease-fire is reached with Hamas in the Gaza Strip.

As the situation unfolds, the international community closely monitors developments in the Middle East. The delicate balance between regional powers remains precarious, and any further escalation could have far-reaching consequences.


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