Skip to main content

Featured

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 ...
Post a Comment
Read more

article

Labels

Raging Wildfire Engulfs Jasper, Alberta: A Perfect Storm of Destruction

 

In a devastating turn of events, a wildfire that began 12 kilometers away from Jasper, Alberta, transformed into an unstoppable force, leaving firefighters powerless. The inferno, fueled by relentless winds gusting up to 100 kilometers per hour, created a 100-meter-tall wall of fire that consumed buildings within the townsite. 

Scientists attribute this catastrophe to a trifecta of factors: prolonged drought, dense forests filled with dead lodgepole pine trees, and strong winds that funneled the fire toward the town. The situation in Jasper is dire, with potentially 30% to 50% structural damage. Authorities are now faced with the daunting task of rebuilding a community that has been ravaged by this natural disaster. 


Labels:

Comments

Post a Comment