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Oil Swings, Records Fall, and Bank Earnings Roll In: Markets Update — May 28, 2026

  Thursday is shaping up to be an eventful one for markets. A sharp rebound in oil prices — triggered by fresh U.S. military strikes in Iran overnight — is rattling futures this morning, even as Wall Street closed at fresh records on Wednesday. Here in Canada, the TSX pulled back sharply, weighed down by energy-sector volatility and mixed signals from the big banks. Traders are also keeping a close eye on two major U.S. data releases due today: April PCE inflation and the Q1 GDP second estimate. Canada The TSX had a rough Wednesday. The S&P/TSX Composite shed 241.82 points — roughly 0.70% — to close at 34,412.05, as energy stocks were dragged lower by falling crude prices. The loonie dipped slightly as well, with the Canadian dollar trading at 72.29 cents U.S., compared with 72.40 cents the day before. It's a big week for Canadian bank earnings, and results so far have been mixed but largely solid. Bank of Nova Scotia and BMO Financial Group both reported stronger second-quar...
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Investigation Continues in Trump Assassination Attempt Case

 

After conducting over 100 interviews, searching the suspect’s home and vehicle, and gaining access to his cellphone, FBI investigators are still searching for the motive behind the 20-year-old Pennsylvania man’s attempt to assassinate former President Donald Trump. 

The Pennsylvania State Police clarified that they were not responsible for securing the area where the gunman opened fire from a rooftop during a campaign rally in Butler Township, Pennsylvania. The FBI is investigating whether the shooter was a politically motivated domestic violent extremist, and they continue to analyze his electronic devices.

Additionally, the Department of Homeland Security has warned about the potential for “follow-on” or “retaliatory” acts in response to this assassination attempt. The investigation is ongoing, and authorities are focusing on understanding what drove the suspect to commit such a brazen act.

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