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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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Daring Rescue: Israel Frees Hostages in Hamas-Led Operation

 


In a daring operation, Israel successfully rescued four hostages who were kidnapped during a Hamas-led attack on October 7. The hostages—Noa Argamani (25), Almog Meir Jan (21), Andrey Kozlov (27), and Shlomi Ziv (40)—were freed in a complex special daytime mission in Nuseirat. The rescue took place in two separate locations within the heart of Nuseirat.

Hamas had initially abducted around 250 hostages during their attack on southern Israel. Approximately half of them were released during a weeklong cease-fire in November. However, more than 130 hostages remain, with about a quarter of them believed to be deceased. The situation has intensified divisions within Israel on the best approach to bring the remaining hostages home.

Saturday’s operation marks the largest recovery of live hostages since the war began, bringing the total number of rescued captives to seven.

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