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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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Gaza Ceasefire Talks: A Fragile Hope Amidst Ongoing Conflict


As the world watches with bated breath, the Cairo-mediated discussions persist, yet the prospect of a ceasefire in Gaza remains tenuous. The crux of the matter lies in the uncompromising demands of both parties involved. Hamas insists on a war termination as a prerequisite for releasing hostages, while Israeli Prime Minister Benjamin Netanyahu stands firm against such conditions.

Stalemate in Cairo Negotiations in Cairo have hit a deadlock, with Hamas negotiators unwavering in their stance and Israeli officials absent from the indirect talks. Netanyahu’s recent statements underscore Israel’s primary objective: to permanently disarm Hamas, citing the group’s continued control as a threat to Israel’s future security.

The Humanitarian Crisis Unfolds The ongoing conflict has wreaked havoc on the Gaza Strip, leading to a dire humanitarian crisis. The staggering death toll and the destruction of infrastructure paint a grim picture of the situation on the ground. As the talks proceed, Israeli military actions persist, adding to the already profound civilian suffering.

Mediation Efforts and International Concern The international community, including the CIA Director William Burns, has shown concern over the escalating casualties and the plight of Gaza’s inhabitants. Despite the challenges, mediators from Egypt and Qatar remain hopeful that their efforts will eventually lead to a cessation of hostilities and a resolution that addresses the core issues at hand.

In conclusion, the Cairo talks represent a critical juncture in the quest for peace in Gaza. The outcome of these negotiations could either pave the way for a much-needed truce or plunge the region further into the abyss of war. The world awaits a resolution that can bring an end to the suffering and set the stage for lasting peace.

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