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TSX Steadies After Bond Rout | Canadian Money Brief — May 19, 2026

  TSX Steadies After Bond Rout — But Iran Uncertainty Keeps a Lid on Gains Canadian equities attempt a cautious bounce this morning after last week's sharp sell-off. Oil near US$100 props up energy shares, while gold cools in Canadian-dollar terms and the loonie holds a fragile grip at 72–73 cents US. Canadian Money Brief  ·  moneysavings.ca  ·  May 19, 2026 TSX ~34,020 ▲ Recovering CAD/USD $0.727 → Flat WTI Oil ~US$100 ▲ Elevated Gold (CAD) ~$6,243/oz ▼ Pullback BoC Rate On Hold → Patient Overview Canadian markets opened cautiously higher this Tuesday after the S&P/TSX Composite suffered its worst single-session drop in weeks on Friday, closing at 33,833 — a decline of 1.27% — as a global bond-market selloff combined with stalled US–Iran negotiations hammered sentiment. Today's session opened around 34,027 , with the index trading in a tight range of roughly 33,745 to 34,175, suggesting investors are rebuilding positions but remain wary. The dominant story...
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Solar Storm Brings Northern Lights to Southern Canada and Beyond


 


A series of powerful solar storms recently graced the night skies, making the northern lights unusually visible even in regions far south. This dazzling display was caused by a geomagnetic storm, which not only illuminated Canada but also extended its colorful auroras to parts of the northern United States and Europe.

The Solar Storm Phenomenon

  • Solar storms occur due to the sun’s activity cycle, which spans approximately 11 years. During the solar maximum, more sunspots appear on the sun’s surface. These sunspots are cooler regions that appear black when observed through solar telescopes. However, they are more than mere spots—they represent an entanglement of magnetic fields that can erupt with a solar flare.

  • Often, solar flares are followed by a coronal mass ejection (CME)—a massive burst of charged particles carried along the solar wind. In this recent case, the sun produced a series of CMEs, which are now heading toward Earth. The U.S.-based National Oceanic and Atmospheric Administration (NOAA) issued a severe geomagnetic storm watch for our planet, the first in nearly two decades.

A Spectacular Light Show

  • Where can you witness the northern lights? If Earth lies in the path of these charged particles, they interact with our magnetic field and molecules in the upper atmosphere, resulting in the mesmerizing aurora borealis. During this recent geomagnetic storm, the northern lights were visible not only in Canada but also in parts of the northern United States and Europe.

  • Clear skies in various regions allowed people to witness this celestial spectacle. From Vancouver to southern Canada and even central British Columbia, the colorful auroras danced across the night sky. If you were lucky enough to see them, you could capture the magic by sharing your photos with bcphotos@cbc.ca.

A Weekend of Wonder

  • As the solar storm continued, scientists anticipated that the northern lights would continue to dazzle on Saturday night. However, it’s essential to note that while these auroras are awe-inspiring, the storm could also cause disruptions to communications over the weekend.

In summary, the recent geomagnetic storm brought the northern lights to unexpected latitudes, creating a celestial spectacle that captivated skywatchers across Canada and beyond. So, if you find yourself under clear skies during such an event, don’t miss the chance to witness this natural wonder


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