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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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Humanitarian Crisis Deepens in Gaza Amid Escalating Conflict

In a tragic escalation of violence, an Israeli airstrike in Gaza has claimed the lives of at least 23 people, including a family of 10. The victims, five children, four women, and a man, were killed in Khan Younis, a southern city in Gaza. The United Nations has raised alarms over the worsening humanitarian crisis, as a six-week blockade has left over two million residents struggling to access basic necessities like food and water.

The blockade has severely disrupted food supplies, forcing most of Gaza's population to rely on charity kitchens for their daily meals. The World Food Program reports that 80% of the population depends on humanitarian aid, with many now surviving on just one meal a day. Water scarcity has also reached critical levels, with residents queuing for hours to collect minimal amounts from trucks.

Israeli officials have stated that the blockade and airstrikes are part of their strategy to pressure Hamas, which they accuse of operating within residential areas and misusing aid. However, the impact on civilians has drawn widespread concern from international organizations, highlighting the urgent need for a resolution to the conflict.

The situation in Gaza underscores the devastating human cost of prolonged hostilities, with families and communities bearing the brunt of the violence and deprivation.

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