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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 Severe Weather: Blizzard Warnings and Damaging Winds

A powerful cold front is sweeping across Ontario, bringing with it damaging winds and blizzard conditions that have prompted widespread warnings. Environment and Climate Change Canada (ECCC) has issued blizzard warnings, wind warnings, and special weather statements for much of the province.

The hazardous mix of heavy snowfall and strong winds is expected to create dangerous driving conditions and reduce visibility. The eastern shores of Lake Superior and Georgian Bay, including communities like Wawa, Batchawana Bay, and Parry Sound, are likely to experience whiteout conditions and lake-enhanced snowfall.

In southern Ontario, including the Greater Toronto Area (GTA), wind gusts of up to 70-90 km/h are anticipated, with the potential for localized power outages. Motorists are advised to postpone non-essential travel and ensure their devices are fully charged if they must travel.

As temperatures drop overnight, residents can expect frigid conditions with wind chills making it feel even colder. Environment Canada urges everyone to stay informed about the latest weather alerts and to exercise caution when commuting.




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