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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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Cyprus Leaders Discuss Opening New Crossing Points Along 1974 Ceasefire Line


 Leaders of war-divided Cyprus said on Monday they supported opening further crossing points along the 1974 ceasefire line splitting the island to meet popular demand, and would work with the United Nations towards that objective. President Nikos Christodoulides, the Greek Cypriot leader, and Turkish Cypriot leader Ersin Tatar discussed the modalities of new checkpoints at a rare meeting hosted by the United Nations in the divided capital Nicosia. 

Despite mutual support for further openings, the leaders did not announce any immediate measures to ease movement across the truce line, indicating continued disagreements. The leaders believe that the opening of new crossing points is critical to promote people-to-people contacts, strengthen economic ties, and build trust. 

Another meeting is scheduled in the coming days to continue discussions. The push for additional checkpoints follows months of negotiations focused on where and how many checkpoints should open in addition to the nine crossings used by thousands daily along a 180-km (116-mile) ceasefire line. 

It is estimated that more than a million people use the checkpoints to cross each year either for employment, education, or personal reasons. The first pedestrian crossing was opened in April 2003 after almost three decades of isolation. 

Greek Cypriots say they do not object to opening one checkpoint advocated by Turkish Cypriots in the east of Nicosia, the island's ethnically-split capital. They say that in a spirit of reciprocity, Turkish Cypriots should agree to opening a checkpoint which Greek Cypriots want. 

The leaders' joint statement emphasized the importance of opening new crossing points to promote people-to-people contacts, strengthen economic ties, and build trust. 




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