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TSX Bounces Back as Tech Rally and Beijing Summit Lift Canadian Markets — May 15, 2026

The composite gained 227 points Thursday on AI enthusiasm and U.S.–China trade optimism — here's what Canadian investors need to know heading into the weekend. MoneySavings.ca Staff   |  Friday, May 15, 2026  |   moneysavings.ca/canadian-money-brief 📊 Market Snapshot — Thursday Close Index / Asset Level Change S&P/TSX Composite 34,268 ▲ +0.67% TSX Financials 683.60 ▲ +1.62% TSX Energy 430.72 ▲ +1.16% CAD / USD 0.7288 ▼ −0.04% Crude Oil (WTI) $101.95 ▲ +0.77% Sources: Yahoo Finance Canada, TMX Money. Data as of Thursday close. TSX Recovers After Mid-Week Stumble Canadian stocks finished Thursday on a firm note, with the S&P/TSX Composite Index rising 226 points — or 0.67% — to close at 34,268. The recovery follows a rough Wednesday session in which the benchmark fell 0.7% amid concerns over stubborn inflation and hawkish signals from the U.S. Federal Reserve. Thursday's broad-based gains were led by the financial and energy sectors, which climbed 1....
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Meta’s AI Investment Causes Market Stir


In a bold move that sent shockwaves through the stock market, Meta Platforms Inc. announced plans to significantly increase its investment in artificial intelligence (AI) infrastructure. The Facebook and Instagram owner revealed that expenses for 2024 could soar as high as $40 billion, a figure that far exceeds market expectations.

Market Reaction Investors responded swiftly to the news, resulting in a staggering $200 billion loss in Meta’s market value within just a few hours. The company’s shares plummeted nearly 15%, as the market grappled with the implications of the tech giant’s aggressive spending strategy.

Long-Term Vision Despite the immediate financial impact, Meta’s leadership is focused on the long-term potential of AI. The company is betting big on the technology, hoping that the substantial investments will eventually translate into significant revenue growth.

Investor Concerns However, the announcement has raised concerns among investors about the timeline for these investments to bear fruit. With rising costs and an uncertain return on investment, there is growing skepticism about how long it will take for Meta’s AI initiatives to contribute positively to its bottom line.

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