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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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Top Polluting Cities Revealed at COP29 Amid Growing Frustration Over Fossil Fuels

 

At the COP29 summit in Baku, Azerbaijan, new data has highlighted the world’s most polluting cities, sparking increased frustration over the persistent presence of fossil fuels. According to Climate Trace, a database co-founded by former U.S. Vice President Al Gore, cities in Asia and the United States are the largest emitters of greenhouse gases.

Shanghai tops the list, emitting 256 million metric tons of greenhouse gases annually, followed closely by Tokyo with 250 million metric tons. New York City and Houston also rank high, with emissions of 160 million and 150 million metric tons, respectively. These figures are staggering, considering that some of these cities’ emissions surpass those of entire countries like Colombia and Norway.

The data, which combines satellite and ground observations with artificial intelligence, underscores the urgent need for effective climate action. Activists and climate officials at the summit expressed their frustration with the slow progress in reducing fossil fuel use and the influence of fossil fuel companies on climate policies.

As the world grapples with the escalating climate crisis, the revelations at COP29 serve as a stark reminder of the critical need for global cooperation and decisive action to curb emissions and transition to sustainable energy sources.


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