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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 PCs Unveil $40-Billion Platform, Promise to Eliminate Alcohol Floor Price

Ontario's Progressive Conservatives, led by Doug Ford, have unveiled a campaign platform promising up to $40 billion in new spending. This announcement comes just three days before the provincial election. The platform includes several previously unannounced measures, such as a $5-billion Protect Ontario Account to counter potential U.S. tariffs, $705 million to expand STEM and skilled trades training at post-secondary institutions, and $50 million to support modular housing technology.

One of the most notable promises is the proposal to eliminate the minimum retail price for liquor. Currently, the minimum price for a 750-millilitre bottle of vodka is set to rise to $31.15 this weekend. Ford argues that removing the floor price will save consumers money and put more money back into their pockets, likening it to a tax break.

The platform, however, does not include a full costing breakdown of how these promises will be funded. Ford defended the absence of detailed cost estimates by citing his government's track record of fiscal responsibility over the past seven years.

As the election day approaches, voters will have to weigh these ambitious promises against the potential impact on the province's budget and economic stability.


: [Source 1](https://www.msn.com/en-ca/news/canada/ontario-pcs-make-40b-in-platform-promises-pledge-to-axe-floor-price-for-alcohol/ar-AA1zEG0C)

: [Source 2](https://ca.news.yahoo.com/doug-fords-pcs-promise-40b-174158783.html)

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