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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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U.S. Dispatches Aid Ship to Gaza Following Biden’s Pledge to Construct Pier

 

In a significant humanitarian effort, the U.S. Army has dispatched a ship to provide much-needed aid to Gaza. This move comes just days after President Joe Biden made a commitment to construct a temporary pier, ensuring supplies reach the besieged enclave.

The General Frank S. Besson, laden with essential supplies, embarked on its journey from Virginia to Gaza. Not only will it deliver humanitarian aid, but it also carries logistics to build the initial equipment for the temporary port. This strategic pier will facilitate the efficient delivery of supplies to Gaza, which has been grappling with dire conditions.

As Ramadan approaches and with UN warnings of an impending famine in Gaza, this maritime initiative is crucial. Another ship, loaded with aid, stands ready to set sail from Cyprus, organized by a Spanish charity. The urgency is palpable, as the people of Gaza await relief amidst ongoing conflict.

The U.S. military’s commitment to aiding Gaza underscores the importance of international solidarity during challenging times. As the aid ship sails toward its destination, it carries not only supplies but also a message of compassion and support.

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