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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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Stock Market Today: Dow Nears 40,000 as Stocks Regroup Near Record Highs


US stocks remained relatively unchanged on Thursday following a record-setting rally. Signs of cooling inflation have fueled expectations for a Federal Reserve rate cut in September. Here are the key highlights:

  1. Market Performance:

    • The S&P 500 (^GSPC) edged slightly higher after closing above 5,300 for the first time.
    • The Dow Jones Industrial Average (^DJI) and the tech-heavy Nasdaq Composite (^IXIC) were trading near the flatline.
    • All three major indices ended Wednesday at all-time highs, leaving the Dow less than 100 points away from breaking through the 40,000 mark.

  2. Inflation and Rate Cut Speculation:

    • April’s tepid consumer inflation reading brought relief to a market anticipating higher interest rates. Trader bets on a Fed rate cut in September rose to over 70%, according to the CME FedWatch Tool.
    • Investors also turned to bonds, pushing the 10-year Treasury yield (^TNX) down to near one-month lows at around 4.33%.

  3. Corporate News:

    • Walmart (WMT) posted better-than-expected quarterly profit, revenue, and same-store sales. The US retail giant’s shares surged over 5% as it raised its full-year forecasts.
    • Warren Buffett’s Berkshire Hathaway (BKR-B) revealed a $6.7 billion stake in Chubb (CB), ending months of suspense over a position kept concealed in regulatory filings. Chubb’s shares climbed about 8%.

  4. Insights from Walmart’s CFO:

    • Walmart’s CFO, John David Rainey, highlighted deflation in certain product categories but not disinflation. Sales in May started strong, benefiting from investments in same-day delivery and buy online, pick up in stores technology.
    • Walmart’s market cap crossed the $500 billion level.

In summary, the stock market remains resilient, with investors closely monitoring inflation trends and anticipating further Fed actions. The Dow’s march toward 40,000 continues, fueled by positive corporate earnings and strategic investments.


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