Weekly Market Snapshot: TSX Holds Near 34,000 as Banks Rally and Loonie Slips
Canadian Money Brief · May 16, 2026 · moneysavings.ca Canadian markets closed another turbulent week navigating Middle East tensions, a high-stakes U.S.–China summit, and fresh inflation signals from south of the border. Here is everything Canadian investors need to know right now. S&P / TSX 34,267 ▲ +0.67% (Thu) USD / CAD 1.37 ▼ Loonie under pressure BoC Rate 2.25% ● On hold Canada CPI (Mar) 2.4% ▲ Up from 1.8% WTI (CAD) ~$140 ▲ Near multi-year high 📈 TSX Equities: Banks Lead, Outliers Steal Headlines The S&P/TSX Composite Index traded near the 34,000 mark all week, closing Thursday at 34,267 — a gain of 0.67% on the session and up a remarkable 32.32% compared to the same time last year. The broad gains came as investors watched the highly anticipated summit between U.S. President Donald Trump and Chinese President Xi Jinping, with Trump describing the talks as "extremely positive and constructive." Canada's big banks were the week's standout performer...
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