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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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Ontario Braces for Back-to-Back Snowstorms: Travel Warnings Issued

Winter is in full swing across Ontario, with three more rounds of snow expected to hit the region this week. The back-to-back storm systems are bringing gusty winds and heavy snowfall, making travel difficult and dangerous.

The first round of snow, a clipper system, has already blanketed eastern Ontario with 5-10 cm of snow, leading to school bus cancellations and winter weather travel advisories in the Greater Toronto Area (GTA). Visibility has been significantly reduced at times, prompting warnings for drivers to slow down and be prepared to stop.

As the clipper system moves out, lake-effect snow will sporadically impact southern Ontario, potentially bringing **10-20 cm of snow** locally. Another clipper system is expected to spread snow from Thunder Bay to Ottawa through Thursday afternoon, adding another 5-10 cm of snow to the mix.

The most significant event is forecasted for Thursday night into Friday, with a Texas low developing near Lake Erie. This system could bring a mix of rain and snow, changing to heavy snowfall as colder air moves in. Forecasters are closely monitoring the storm's track, as it could be quite impactful for the region.

With temperatures plunging into the minus teens by Saturday, Ontarians are advised to stay updated with the latest weather alerts and road conditions. The first few weeks of February are expected to be volatile, with an active pattern of winter systems.




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