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TSX Eyes Gains as Trump-Xi Summit Looms and Oil Steadies Near $95

Canadian Money Brief · Monday, May 11, 2026 Canadian equities are set for a cautious but constructive open this Monday as investors balance a packed macro calendar against an energy sector still reeling from one of its most volatile weeks in recent memory. TSX at a Glance The S&P/TSX Composite closed Friday at 34,077.76 , up 221 points (+0.65%) to cap a week dominated by whipsaw oil moves and a fragile Middle East ceasefire. The energy sector has led TSX gains over the past seven days — up roughly 5% — even as WTI crude fell about 7% on the week, settling near $95.42 per barrel . That apparent contradiction reflects Canadian producers' longer-term optimism on supply tightness rather than any single day's price swing. For the year, the TSX is up approximately 35%, outpacing most major global benchmarks. The Big Story: Trump Heads to Beijing All eyes this week will be on Washington and Beijing. President Donald Trump is scheduled to arrive in China on Wednesday , with formal ...
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Yemen’s Houthi Rebels Launch Missile at U.S. Warship in Gulf of Aden

 


Yemen’s Houthi rebels have launched a missile at a U.S. warship patrolling the Gulf of Aden, forcing it to shoot down the projectile. This marks a further escalation in the biggest confrontation at sea the U.S. Navy has seen in the Middle East in decades. 

The attack on the destroyer USS Carney is the first time the Houthis directly targeted a U.S. warship since the rebels began their attacks on shipping in October. The missile was successfully shot down by USS Carney, and there were no injuries or damage reported.

The conflict in the Middle East has been escalating for years, and this recent attack is a reminder of the ongoing tensions in the region. The U.S. Navy has been involved in the Middle East for decades, and this latest attack highlights the dangers that sailors face while patrolling the region’s waters.


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