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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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New Union Demands Cast Doubt on LCBO Strike Resolution

 

The tentative agreement reached between the Liquor Control Board of Ontario (LCBO) and the Ontario Public Service Employees Union (OPSEU) to end the ongoing strike is now in jeopardy. Despite initial optimism, the union has raised concerns over the LCBO’s refusal to sign a return-to-work protocol, a crucial step for the workers to resume their duties.

The strike, which began on July 5, has seen over 9,000 LCBO employees walk off the job, leading to widespread store closures across Ontario. The tentative deal, announced on July 19, included wage increases and other benefits. However, by the afternoon, the union accused the LCBO of bad faith bargaining, claiming the employer introduced new demands post-agreement.

The LCBO, on the other hand, has stated that the union’s additional demands were unexpected and should have been addressed during the initial negotiations. The board plans to file an unfair labour practice complaint against OPSEU.

As both parties return to the bargaining table, the future of the agreement remains uncertain, leaving Ontarians to face continued disruptions in liquor store services.


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