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Canadian Money Brief – June 1, 2026: Markets Kick Off June on a High Note

  Markets Kick Off June on a High Note A strong finish to May carries momentum into the first trading session of June, with tech leading the charge and a major Berkshire deal grabbing headlines. At a Glance — Friday May 29 Close (Most Recent Confirmed) Index / Asset Level Change S&P/TSX Composite 34,769 +0.73% S&P 500 7,580 +0.22% Dow Jones 51,032 +0.72% Nasdaq Composite 26,973 +0.20% CAD/USD 0.7249 –0.06% WTI Crude Oil US$87.36/bbl –1.73% Gold US$4,574/oz –0.42% Sources: Yahoo Finance, Trading Economics. Closing data as of May 29, 2026. June 1 intraday data referenced in body. May Goes Out on a High North American markets wrapped up May in fine form. All three major U.S. indexes — the S&P 500, the Dow, and the Nasdaq — finished Friday at record closing highs, capping a month that saw the tech-heavy Nasdaq surge roughly 8% and the S&P 500 gain around 5%. The TSX also had a solid run, closing above the 34,700 mark on Friday, supported by a rebound in financials and ...
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World Court Orders Israel to Address Gaza Famine: Urgent Measures Required

In a unanimous ruling, the International Court of Justice (ICJ) has ordered Israel to take immediate and effective action to ensure that basic food supplies reach the Palestinian population in Gaza without delay. The situation in Gaza has reached a critical point, with worsening conditions of life, famine, and starvation spreading among the population.

The ICJ’s order comes in response to a request by South Africa, which is part of an ongoing case accusing Israel of state-led genocide in Gaza. The court had previously ordered Israel to refrain from acts that could fall under the Genocide Convention and to prevent genocidal acts against Palestinians in Gaza. Now, the court has reaffirmed those measures and added new requirements.

Key Measures Ordered by the ICJ:

  1. Unhindered Provision of Basic Services: Israel must ensure the uninterrupted provision of essential services, including food, water, electricity, and medical supplies to Palestinians throughout Gaza.

  2. Increased Capacity and Number of Land Crossings: The court specifically calls for Israel to increase the capacity and number of land crossing points, keeping them open for as long as necessary. This move aims to facilitate the efficient transfer of humanitarian aid.

  3. Reporting Requirement: Israel is required to submit a report within a month detailing how it has implemented the court’s ruling.

The urgency of this situation cannot be overstated. The people of Gaza are facing not just a risk of famine but an actual crisis. The ICJ’s ruling emphasizes the need for immediate action to prevent further suffering and loss of life.

As the international community watches, Israel’s compliance with these orders will be closely monitored. The hope is that these measures will alleviate the suffering of the Palestinian population in Gaza and prevent further tragedy.


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