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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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Tensions Rise Following Israeli Drone Strike in Lebanon

 

In the early hours of Thursday, an Israeli drone strike in eastern Lebanon resulted in the death of a prominent militant leader, Muhammed Jabara, affiliated with both Hamas and the Lebanese Islamist group al-Jamaa al-Islamiya. The strike occurred in the village of Ghazzeh, located in the Western Beqaa District, approximately 40 kilometers from the Israeli border.

Jabara, a key figure in orchestrating attacks against Israel, was targeted while driving. The Israeli Defense Forces (IDF) confirmed the strike, stating that Jabara was responsible for planning and executing attacks, including rocket fire, on northern Israel. His death is seen as a significant blow to the operational capabilities of Hamas and its allies in the region.

The aftermath of the strike has heightened tensions along the Lebanon-Israel border, with increased military presence and heightened alertness on both sides. Lebanese state media reported that the strike has led to a surge in security measures and a state of heightened vigilance among militant groups.

This incident is part of a broader pattern of escalating hostilities between Israel and militant groups in Lebanon, often involving cross-border skirmishes and retaliatory attacks. The situation remains volatile, with potential implications for regional stability and security.

As the region braces for possible further escalations, international observers are calling for restraint and dialogue to prevent a full-scale conflict.



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