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TSX Bounces Back as Tech Rally and Beijing Summit Lift Canadian Markets — May 15, 2026

The composite gained 227 points Thursday on AI enthusiasm and U.S.–China trade optimism — here's what Canadian investors need to know heading into the weekend. MoneySavings.ca Staff   |  Friday, May 15, 2026  |   moneysavings.ca/canadian-money-brief 📊 Market Snapshot — Thursday Close Index / Asset Level Change S&P/TSX Composite 34,268 ▲ +0.67% TSX Financials 683.60 ▲ +1.62% TSX Energy 430.72 ▲ +1.16% CAD / USD 0.7288 ▼ −0.04% Crude Oil (WTI) $101.95 ▲ +0.77% Sources: Yahoo Finance Canada, TMX Money. Data as of Thursday close. TSX Recovers After Mid-Week Stumble Canadian stocks finished Thursday on a firm note, with the S&P/TSX Composite Index rising 226 points — or 0.67% — to close at 34,268. The recovery follows a rough Wednesday session in which the benchmark fell 0.7% amid concerns over stubborn inflation and hawkish signals from the U.S. Federal Reserve. Thursday's broad-based gains were led by the financial and energy sectors, which climbed 1....
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Remnants of Hurricane Beryl to Drench GTA with Heavy Rainfall

                                 

The remnants of Hurricane Beryl are set to bring heavy rainfall to the Greater Toronto Area (GTA) today. According to Environment Canada, periods of torrential downpours are possible, and the federal weather agency has issued a rainfall warning for much of southern Ontario, including Toronto.

Rain began overnight, and up to 60 millimeters of rain are expected for much of Toronto and surrounding areas throughout the day, although some areas could see even more. Meteorologist Daniel Liota warns that the morning commute could be treacherous due to heavy downpours, which can cause flash floods and water pooling on roads. Localized flooding in low-lying areas is also possible.

The Toronto and Region Conservation Authority (TRCA) has issued a flood watch, urging the public to stay away from streams, rivers, and shoreline areas. Recreational activities in or around water should be avoided at this time due to rapidly changing conditions.

Hurricane Beryl initially made landfall in Grenada before moving deeper into the Caribbean Sea, affecting Jamaica and eventually Mexico. As it moved over Texas, it weakened to a tropical storm, causing tornadoes and flooding. The unique aspect of this event is the tropical, moisture-laden air mass associated with the remnants of Hurricane Beryl, which contributes to the potential for torrential downpours in the GTA.

The heavy rainfall is expected to taper into scattered showers later tonight and into Thursday, according to Environment Canada’s forecast.




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