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Markets Brief: Iran Deal Hopes Drive Global Rally — TSX Eyes a Strong Open | May 29, 2026

It's been a week dominated by one headline: the U.S.-Iran war and the fragile hopes of a peace deal. Heading into the long weekend, markets are ending Friday on an optimistic note, with record-setting sessions in Asia and a strong tone across North America. Here's your full wrap. Canada — TSX After a rough patch mid-week, the TSX bounced back Thursday — its first gain since Monday's record close — finishing up around 0.7% to the 34,770s range, driven largely by a blockbuster round of Big Six bank earnings. All six of Canada's largest banks beat analysts' estimates for Q2 (quarter ended April 30), raising dividends and signalling cautious optimism despite the volatile global backdrop. RBC posted a standout quarter, with its Wealth Management division up 28% year-over-year. TD Bank earned $4.25 billion in adjusted net income ($2.38/share), topping expectations, and raised its dividend. CIBC's profit surged 43%, with adjusted EPS of $2.76 beating consensus by a wid...
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Battle Against the Flames: Aftermath of the Major Wildfire Near Athens

 

In the wake of a devastating wildfire that swept through the northern fringes of Athens, Greece, authorities and firefighters are grappling with the aftermath. Here’s what we know:

  • The Blaze: The wildfire, which began on Sunday afternoon, quickly escalated due to strong winds and tinder-dry pine forests. These conditions were exacerbated by the scorching summer temperatures, making it an exceptionally dangerous fire.

  • Evacuations: Hospitals, residential suburbs, and even monasteries were evacuated as the flames advanced. A children’s hospital, a military hospital, and a children’s home were among the facilities cleared. Evacuation orders were issued for more than a dozen areas, including Marathon and several Athens suburbs.

  • Emergency Response: Over 670 firefighters, backed by specialized wildfire teams and armed forces personnel, battled the flames. More than 180 vehicles were deployed, along with 30 water-dropping planes and helicopters providing aerial support.

  • Human Impact: Two firefighters sustained minor injuries, and several civilians were treated for smoke inhalation. Police officers heroically carried elderly residents to safety, their efforts captured against a backdrop of a night sky turned red from the flames.

  • Environmental Toll: The fire ravaged pine forests that had already suffered from repeated heat waves during the summer. Greece experienced its hottest June and July ever recorded, following the warmest winter.

As the dust settles, the scars left by this wildfire serve as a stark reminder of the urgent need for climate resilience and effective disaster management. The battle against the flames continues, but the community’s resilience shines through as they come together to rebuild and protect their beloved landscape.


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