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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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Historic Arrest Warrant Issued for South Korean President Amid Political Turmoil


In a historic move, a South Korean court has issued warrants to detain impeached President Yoon Suk-yeol and search his office. This unprecedented decision follows Yoon's controversial declaration of martial law earlier this month, which has plunged the nation into its most significant political crisis in decades.

The Seoul Western District Court approved the warrants after the Joint Investigation Headquarters requested them, citing allegations of insurrection and abuse of power against Yoon. Yoon, who has been suspended from his duties since December 14 following a National Assembly vote for his impeachment, faces possible life imprisonment or the death penalty if convicted.

Yoon's brief imposition of martial law on December 3 led to widespread political turmoil, halting high-level diplomacy and rattling financial markets. Despite repeated requests by investigative authorities, Yoon has refused to appear for questioning or allow searches of his office.

The court's decision marks the first time South Korean authorities have sought to detain a sitting president. The anti-corruption agency investigating Yoon's actions has no immediate plans on how to proceed with the court-issued warrants, given the potential for clashes with the presidential security service.



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