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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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Enhanced Tracking of Foreign Students Urged by Canadian Criminologist

In a recent statement, Kelly Sundberg, a criminologist and professor at Mount Royal University, emphasized the need for Canada to improve its tracking of foreign students. Sundberg, who has experience in inland immigration enforcement for the Canada Border Services Agency, highlighted the vulnerabilities in the current system that allow for potential exploitation by transnational criminals.

The call for better tracking comes in the wake of an investigation by Indian law enforcement agencies into a scheme involving Canadian colleges and the illegal transportation of international students across the Canada-U.S. border. The investigation revealed evidence of human trafficking linked to the tragic deaths of an Indian family near the Manitoba-Minnesota border in January 2022.

Sundberg suggested that collecting biometric data, such as fingerprints and photos, from non-citizens entering Canada and tying this information to their immigration documents could help address these issues. He also stressed the importance of having a system in place to confirm the departure of temporary residents, including international students.

The federal government and the Royal Canadian Mounted Police (RCMP) have yet to comment on the allegations, which have not been proven in court. However, Sundberg's recommendations have sparked a broader discussion on the need for reforms in Canada's immigration system, especially as the country faces increasing scrutiny over illegal border crossings and asylum claims.

As Canada continues to make significant changes to its immigration policies, including cutbacks on the number of student visas issued, the focus on enhancing tracking mechanisms for foreign students remains a critical priority.




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