Skip to main content

Featured

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 ...
Post a Comment
Read more

article

Labels

Ontario Braces for Freezing Rain: Power Outages and Travel Disruptions Expected

A freezing rain warning has been issued for much of Ontario, including Toronto, as a potent storm is set to hit the region this weekend. Environment Canada predicts the storm will bring varying precipitation, including rain, snow, and freezing rain, depending on temperatures. Ice accumulation of up to 10 millimeters is expected in Toronto, while areas like Parry Sound and Kingston could see upwards of 25 millimeters.

The freezing rain is anticipated to begin Friday evening and persist through Sunday morning. Higher terrain areas may experience prolonged freezing rain due to cooler temperatures. The storm poses risks such as power outages, slippery roads, and broken tree branches. Residents are advised to prepare for potential disruptions and avoid non-essential travel.



Labels:

Comments

Post a Comment