Skip to main content

Featured

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 ...
Post a Comment
Read more

article

Labels

Red Sea Crisis: Civilian Ship Crew Evacuated After Fatal Houthi Attack

 

In a tragic turn of events, the Red Sea has witnessed its first civilian casualties due to the escalating Houthi attacks. A commercial vessel, targeted by a missile, resulted in the death of three crew members, prompting an urgent evacuation by the Indian Navy. The attack marks a significant escalation in the conflict, underscoring the dangers faced by civilian seafarers in one of the world’s busiest shipping lanes.

The vessel, identified as the Barbados-flagged True Confidence, was operating about 50 nautical miles off the port of Aden when it was struck. The Indian Navy’s swift action ensured the safety of the remaining crew, who were taken to a hospital in Djibouti. The international community has expressed outrage over the attack, calling for immediate action to protect innocent lives and maintain the security of critical maritime routes.

This incident has raised serious concerns about the safety of commercial shipping in the region and the potential impact on global trade. With the Houthis continuing their campaign, the call for decisive measures to safeguard seafarers and ensure the free flow of commerce has never been more urgent.

Labels:

Comments

Post a Comment