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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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Trump Trial Judge Seals the Courtroom to Unleash on MAGA Lawyer


In a dramatic turn of events during Donald Trump’s criminal trial in Manhattan, Judge Juan Merchan suddenly sealed the courtroom on Monday afternoon. The reason? A heated confrontation with Robert Costello, a MAGA-friendly lawyer who played a key role in the attempted backchannel between Michael Cohen and the Trump White House in 2018.

Costello, a former prosecutor, had been reprimanded for outbursts in court whenever he was interrupted or told not to answer a question that had been objected to and sustained. As tensions escalated, Costello began to stare down the judge. Merchan took action, ordering the jury out of the room and addressing Costello directly: “Mr. Costello, I’d like to discuss proper decorum in my courtroom, OK?”.

Despite the warning, Costello continued to push boundaries. When Merchan turned around, he caught Costello staring at him again. Frustrated, the judge ordered security to seal the courtroom and ejected all journalists so he could give Costello a dressing down. When the journalists returned, Costello’s face had turned beet red, and he continued to answer questions from defense lawyer Emil Bove about his minor role in the New York criminal case against the former president.

Costello’s testimony also shed light on Michael Cohen’s behavior after the FBI raided his apartment in search of evidence related to a campaign finance crime. According to Costello, Cohen was “suicidal that day and acting very manic.” Costello had advised Cohen that cooperating with the Southern District of New York and providing truthful information about Donald Trump would resolve his legal problems by the end of the week.

The courtroom drama continues, and the clash between the judge and the MAGA lawyer adds another layer of intensity to Trump’s trial. Stay tuned for further developments as this high-stakes legal battle unfolds.

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