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TSX Closed for Victoria Day — What Moved Markets Before the Long Weekend

  A global bond rout, stalled US-Iran talks, and a surge past US$101 oil rattled Bay Street on Friday. Here's your full catch-up. Monday, May 18, 2026   ·  Canadian Money Brief  ·   Next TSX session: Tuesday, May 19 Indicator Last Price Change As of S&P/TSX Composite 33,833 ▼ 1.27% Fri May 15 CAD / USD 0.7273 ▼ 0.24% Fri May 15 WTI Crude Oil (USD/bbl) $101.02 ▲ 4.23% Fri May 15 Gold (USD/oz) $4,483 ▼ 2.88% (wk) Fri May 15 Bitcoin (CAD) $107,789 ▲ 0.18% Fri May 15 TSX Hits 10-Day Low as Bond Rout Rattles Bay Street Canadian markets head into a long weekend on a sour note. The S&P/TSX Composite Index closed at 33,833 on Friday — down 434 points, or 1.27% — its lowest level in ten trading sessions. The sell-off was broad-based, driven by a sharp global bond market rout that pushed Canada's 10-year government bond yield to its highest level in roughly two years, and geopolitical turbulence in the Middle East that lit a fire under oil while dousin...
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Canada’s Inflation Edges Up to 2.9% in March: A Closer Look


In March 2024, Canada’s annual inflation rate nudged up to 2.9%, driven by several factors including rising gasoline prices, mortgage interest costs, and rent. Let’s delve into the details of this economic development.

Key Points:

  1. Gasoline Prices Surge: The surge in gasoline prices played a significant role in pushing up the inflation rate. As global energy markets fluctuate, consumers are feeling the impact at the pump.

  2. Mortgage Interest and Rent Costs: Alongside fuel, mortgage interest costs and rent contributed to the overall increase. These expenses are closely monitored by households and can significantly affect their budgets.

  3. Bank of Canada’s Watchful Eye: The Bank of Canada, which recently maintained its key interest rate at 5%, will closely scrutinize this inflation report. While the central bank remains cautious, it acknowledges the possibility of adjusting interest rates in the future.

  4. Budget Implications: The release of the inflation report coincides with the federal government’s budget announcement. Policymakers will consider these inflationary trends as they shape economic policies.

As Canada grapples with inflationary pressures, policymakers and citizens alike must stay vigilant. The delicate balance between economic growth and price stability remains a priority for the nation. The coming months will reveal whether this upward trend persists or moderates.


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