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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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Trump Administration Announces Tariffs on Canada, Mexico, and China Starting Saturday


The White House has confirmed that President Donald Trump will impose tariffs on imports from Canada, Mexico, and China starting this Saturday. According to White House Press Secretary Karoline Leavitt, the tariffs will be 25% on imports from Canada and Mexico, and 10% on goods from China.

The decision follows through on Trump's earlier threats aimed at pressuring these countries to halt the flow of migrants and fentanyl across their borders. Despite concerns about potential price increases for U.S. consumers, Leavitt emphasized that these measures are part of the administration's commitment to "promises made and promises kept".

The tariffs are set to take effect without any exemptions, raising questions about their impact on the economy and trade relations. The administration remains firm on its stance, with Leavitt stating that the President is determined to implement these tariffs while addressing inflation and costs for Americans.




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