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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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Jimmy Carter: A Legacy of Peace and Service

 

Former U.S. President Jimmy Carter, a Nobel Peace Prize laureate and a beacon of humanitarian efforts, passed away peacefully at the age of 100 in Plains, Georgia. Carter, who served as the 39th President of the United States from 1977 to 1981, was known for his unwavering commitment to human rights, peace, and public service.

Carter's post-presidential years were marked by his dedication to improving global health, promoting democracy, and building homes for the homeless through his work with Habitat for Humanity. His efforts earned him respect and admiration worldwide, and he remained an active advocate for peace and human rights until his final days.

President Joe Biden and First Lady Jill Biden expressed their condolences, describing Carter as an extraordinary leader whose life was guided by compassion and moral clarity. World leaders and ordinary citizens alike have mourned his loss, reflecting on his enduring impact on the world.

Carter's legacy is a testament to the power of service and the impact one individual can have on the lives of millions. His memory will continue to inspire future generations to strive for a more just and compassionate world.


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