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Canadian Money Brief – June 3, 2026: TSX Hits Record, Wall Street Retreats from Highs

  Wednesday, June 3, 2026  |    MoneySavings.ca Daily Markets Desk Markets head into Wednesday on a cautious note. Tuesday's record-setting session on the TSX and another all-time high for Wall Street are giving way to some early-morning hesitation — Dow futures are sliding ahead of the open as investors digest elevated oil prices, fresh warnings from the International Energy Agency, and ongoing uncertainty around the U.S.-Iran situation. Here's where everything stood at Tuesday's close and what to watch today. Canada — TSX Composite The S&P/TSX Composite closed Tuesday, June 2 at 35,169 , up 434 points (+1.25%) — a fresh all-time record. The index has now gained roughly 10% year-to-date , making it one of the stronger-performing major benchmarks globally. Energy and mining stocks led the charge. Canadian Natural Resources rose 2.8%, Imperial Oil gained 3%, and Cenovus advanced 4%. Among miners, Barrick climbed 2% on reports it is exploring a London listing for ...
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S&P/TSX Composite Closes Lower Amid Broader Losses

Canada’s main stock index, the S&P/TSX composite, closed lower on Friday, echoing the trend in U.S. markets. Despite earlier gains, the S&P/TSX composite index ended down 66.37 points at 21,875.79. The decline was driven by weakness in energy and industrials sectors.

Statistics Canada reported that real gross domestic product (GDP) grew 0.3% in April, but the early read for May showed growth slowing to 0.1% for the month. Consumers in Canada appear to be pulling back, impacted by higher interest rates over the past two years. Portfolio manager Hadiza Djataou noted that consumption is taking a hit, influencing stock performance.

In New York, the Dow Jones industrial average was down 45.20 points at 39,118.86, the S&P 500 index dropped 22.39 points to 5,460.48, and the Nasdaq composite fell 126.08 points to 17,732.60. The U.S. Federal Reserve’s preferred inflation gauge indicated a 2.6% rise in consumer prices for May, easing from April’s 2.7% reading.

The Canadian dollar traded at 73.06 cents US, and while Canada’s GDP data didn’t significantly impact interest rate expectations, Djataou anticipates further pressure on the loonie due to diverging economic trajectories between Canada and the U.S.


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