Skip to main content

Featured

TSX Closed for Victoria Day — What Moved Markets Before the Long Weekend

  A global bond rout, stalled US-Iran talks, and a surge past US$101 oil rattled Bay Street on Friday. Here's your full catch-up. Monday, May 18, 2026   ·  Canadian Money Brief  ·   Next TSX session: Tuesday, May 19 Indicator Last Price Change As of S&P/TSX Composite 33,833 ▼ 1.27% Fri May 15 CAD / USD 0.7273 ▼ 0.24% Fri May 15 WTI Crude Oil (USD/bbl) $101.02 ▲ 4.23% Fri May 15 Gold (USD/oz) $4,483 ▼ 2.88% (wk) Fri May 15 Bitcoin (CAD) $107,789 ▲ 0.18% Fri May 15 TSX Hits 10-Day Low as Bond Rout Rattles Bay Street Canadian markets head into a long weekend on a sour note. The S&P/TSX Composite Index closed at 33,833 on Friday — down 434 points, or 1.27% — its lowest level in ten trading sessions. The sell-off was broad-based, driven by a sharp global bond market rout that pushed Canada's 10-year government bond yield to its highest level in roughly two years, and geopolitical turbulence in the Middle East that lit a fire under oil while dousin...
Post a Comment
Read more

article

Labels

US Futures Rise After CPI Data, Fed Signals

 

Investors are closely watching the stock market today as US futures tiptoe higher following the release of the latest Consumer Price Index (CPI) data. The Federal Reserve’s looming decision on interest rates adds to the anticipation.

Key Points:

  • CPI Snapshot: Economists expect the month-over-month Core CPI to have risen, providing insight into inflation trends.
  • Fed’s Stance: Federal Reserve Chair Jerome Powell has signaled that rate cuts are coming, despite inflation ticking up in February.
  • Market Reaction: S&P 500 futures climbed 0.3%, Nasdaq 100 futures rose 0.6%, and Dow Jones Industrial Average futures gained 0.2%.
  • Gold Surges: The gold price surpassed $2,200 an ounce for the first time.
  • Micron Technology Soars: Micron Technology shares surged as much as 18% in premarket trading due to strong demand from AI companies.

Stay tuned for further updates as the Fed’s double whammy—CPI and interest rate decisions—unfolds.


Labels:

Comments

Post a Comment