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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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Ford Hails Progress in U.S.-Canada Trade Talks


Ontario Premier Doug Ford described his recent meeting with U.S. Commerce Secretary Howard Lutnick as "very, very productive," signaling a potential thaw in the tense trade relations between Canada and the United States. The meeting, held in Washington, D.C., focused on addressing escalating tariffs and fostering a more collaborative economic relationship.

Ford expressed optimism, stating, "The temperature's coming down," and emphasized the importance of finding common ground for the benefit of both nations. While specific details of the discussions remain under wraps, the promise of continued dialogue next week suggests a commitment to resolving trade disputes amicably.

This meeting comes amidst a backdrop of heightened tensions, with both countries imposing tariffs on each other's goods. Ford's efforts to de-escalate the situation highlight the significance of diplomacy in navigating complex international trade dynamics.

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