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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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Aid Ship Sets Sail: New Sea Route from Cyprus to War-Ravaged Gaza


In a significant humanitarian effort, a ship laden with desperately needed aid is preparing to embark on a new sea route from Cyprus to the war-ravaged Gaza Strip. This initiative comes as international donors rally to support the besieged territory, which has faced widespread hunger and devastation after five months of conflict.

The vessel, named Open Arms, is scheduled to depart from Cyprus—the closest EU country to Gaza. Its mission is to traverse a maritime corridor that has been established to facilitate aid delivery. The European Commission, along with other partners, hopes that this corridor will provide a lifeline for the Palestinian enclave, located approximately 240 miles (386 kilometers) away.

As smoke still rises from the recent explosions in Gaza, the urgency for humanitarian assistance cannot be overstated. The ship’s cargo includes essential supplies such as food, medicine, and other necessities. The hope is that this voyage will alleviate some of the suffering faced by the people of Gaza.

The initiative has garnered international support, with President Joe Biden recently announcing that the U.S. military will establish a temporary port off Gaza’s Mediterranean coast to aid these efforts. Additionally, the European Commission president, Ursula von der Leyen, personally inspected the preparations at the port of Larnaca in Cyprus.

As the ship sets sail, it symbolizes a beacon of hope—a tangible expression of solidarity and compassion. While the challenges remain immense, this new sea route represents a lifeline for those caught in the crossfire of conflict. Let us hope that it brings much-needed relief to the war-weary people of Gaza.

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