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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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Escalating Tensions: Israel’s Direct Strike Warning to Iran


Amidst rising tensions in the Middle East, Israel has issued a stark warning to Iran, threatening direct military action if Tehran were to launch an attack from its own soil. This development follows the recent killings of Iranian generals at their consulate in Syria, an event that has significantly heightened the long-standing animosity between the two nations.

Israel’s Foreign Minister, in a statement released Wednesday, made it clear that any aggression from Iran would be met with a swift response. "If Iran attacks from its territory, Israel will respond and attack in Iran,” he declared, signaling a potential shift towards more direct confrontation.

The Iranian Supreme Leader, Ayatollah Ali Khamenei, has vowed retaliation against Israel for the consulate attack, which he equated to an assault on Iranian territory. "The evil regime must be punished, and it will be punished,” he affirmed during a sermon marking the end of Ramadan.

The international community watches with concern as both nations refrain from detailing their potential strategies, leaving the world to ponder the implications of such a conflict. As the situation unfolds, the hope for de-escalation remains, but the path forward is fraught with uncertainty.

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