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TSX Steadies After Bond Rout | Canadian Money Brief — May 19, 2026

  TSX Steadies After Bond Rout — But Iran Uncertainty Keeps a Lid on Gains Canadian equities attempt a cautious bounce this morning after last week's sharp sell-off. Oil near US$100 props up energy shares, while gold cools in Canadian-dollar terms and the loonie holds a fragile grip at 72–73 cents US. Canadian Money Brief  ·  moneysavings.ca  ·  May 19, 2026 TSX ~34,020 ▲ Recovering CAD/USD $0.727 → Flat WTI Oil ~US$100 ▲ Elevated Gold (CAD) ~$6,243/oz ▼ Pullback BoC Rate On Hold → Patient Overview Canadian markets opened cautiously higher this Tuesday after the S&P/TSX Composite suffered its worst single-session drop in weeks on Friday, closing at 33,833 — a decline of 1.27% — as a global bond-market selloff combined with stalled US–Iran negotiations hammered sentiment. Today's session opened around 34,027 , with the index trading in a tight range of roughly 33,745 to 34,175, suggesting investors are rebuilding positions but remain wary. The dominant story...
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Canada's Economy Shows Modest Growth in Q3 2024



Canada's economy grew at an annualized rate of 1% in the third quarter of 2024, according to Statistics Canada. The growth was driven by increased consumer spending, particularly on new vehicles, and higher government expenditures.

Despite the positive growth, the figure fell short of the Bank of Canada's forecast of 1.5% annualized growth for the quarter. The slower business investment and lower exports also contributed to the modest growth rate. Additionally, real GDP per capita declined by 0.4%, marking the sixth consecutive quarter of per-capita GDP decline.

Economists are closely watching these trends as the country navigates through economic challenges and uncertainties. The government remains optimistic about the economy's resilience and is expected to introduce measures to stimulate further growth.




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