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Weekly Market Snapshot: TSX Holds Firm, Loonie Under Pressure as Energy Prices and Rate Uncertainty Dominate | May 23, 2026

  Markets navigated a week of competing signals — elevated energy prices, persistent U.S. inflation, and a Bank of Canada holding steady at 2.25% — as the TSX showed resilience while the Canadian dollar faced modest headwinds. Here's everything that moved the needle this week. 📊 Key Numbers at a Glance S&P/TSX Composite ~34,268 ▲ +7.1% YTD USD/CAD Rate 1.37 ▼ Off Apr. 30 high of 1.358 WTI Crude Oil ~$99/bbl ↑ ~50% since Iran conflict onset BoC Policy Rate 2.25% Held — May 2026 Canada CPI (April) 2.8% ↑ from 2.4% in March TSX Equities — Resilience Holds The S&P/TSX Composite has maintained its upward trajectory through the first half of 2026, up roughly 7.1% year-to-date as of the end of April — and analysts at CIBC continue to project an 11% overall gain for the full year . The energy and materials sectors have been the primary engines of that performance, with oil-price tailwinds from Middle East tensions providing a significant boost to Canadian producers. On the blue-c...
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Macron refuses French PM’s resignation after chaotic election results

 


In a decisive move following the tumultuous legislative elections, French President Emmanuel Macron has declined the resignation of Prime Minister Gabriel Attal. The decision comes amidst a fragmented election outcome that saw no single party secure a majority, leading to a potential political deadlock.

Macron's refusal is seen as an effort to maintain governmental stability during this critical period, especially with the Paris Olympics on the horizon. The president's request for Attal to stay on reflects a strategic choice to navigate through the legislative impasse and uphold the continuity of governance. 

This development marks a significant moment in French politics, as the nation grapples with the implications of a divided parliament and the challenges it poses to future policymaking. The unfolding scenario underscores the complexities of coalition politics and the intricate balance of power within the French political system.


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