Skip to main content

Featured

Canadian Markets Brief — May 22, 2026: TSX Holds Firm as Oil Breaks $100 Again

  Canadian equities closed Thursday's session in positive territory, with the S&P/TSX Composite Index rising approximately 95 points to 34,257 — buoyed by a surge in energy stocks after the price of West Texas Intermediate crude topped US$100 per barrel for the first time in weeks. The rally in oil helped offset broad weakness in gold and technology shares, keeping the TSX on track for its third consecutive year of gains. Key Numbers at a Glance Indicator Level Change S&P/TSX Composite 34,257 ▲ +95 pts (+0.28%) CAD / USD 72.50¢ US ▼ -0.22¢ WTI Crude Oil (July) US$101.77 / bbl ▲ +US$3.51 Gold (June) US$4,505.30 / oz ▼ -US$30.00 Dow Jones 49,924 ▼ -85 pts Energy Leads; Tech and Gold Lag The energy sector was Thursday's standout performer. Ongoing tensions in the Middle East — including a reported refusal by Iranian leadership to ship enriched uranium abroad despite diplomatic pressure — sent oil prices sharply higher and breathed new life into Canadian energy names. The...
Post a Comment
Read more

article

Labels

Market Jitters: U.S. Stock Futures Slide Amid Trump’s Criticism of Fed Chair Powell

U.S. stock futures took a hit early Monday as investors reacted to President Donald Trump’s escalating criticism of Federal Reserve Chair Jerome Powell. The remarks, which included renewed calls for Powell’s removal, have raised concerns about the central bank’s independence and its ability to navigate monetary policy effectively.

Trump’s latest comments follow reports that his administration is exploring whether firing Powell is an option. The uncertainty surrounding the Fed’s leadership has added to market volatility, with Dow E-minis dropping 344 points (0.87%), S&P 500 E-minis falling 53.75 points (1.01%), and Nasdaq 100 E-minis declining 209.25 points (1.14%).

Investors are already grappling with broader economic concerns, including ongoing trade tensions and the potential for further interest rate cuts. The dollar weakened against major currencies, while safe-haven assets like gold saw gains. Meanwhile, major tech and growth stocks, including Tesla and Nvidia, also faced premarket declines.

With uncertainty looming over both trade policy and monetary decisions, market participants will be closely watching upcoming economic data and corporate earnings reports for further direction.

Labels:

Comments

Post a Comment