Skip to main content

Featured

TSX Steadies After Bond Rout | Canadian Money Brief — May 19, 2026

  TSX Steadies After Bond Rout — But Iran Uncertainty Keeps a Lid on Gains Canadian equities attempt a cautious bounce this morning after last week's sharp sell-off. Oil near US$100 props up energy shares, while gold cools in Canadian-dollar terms and the loonie holds a fragile grip at 72–73 cents US. Canadian Money Brief  ·  moneysavings.ca  ·  May 19, 2026 TSX ~34,020 ▲ Recovering CAD/USD $0.727 → Flat WTI Oil ~US$100 ▲ Elevated Gold (CAD) ~$6,243/oz ▼ Pullback BoC Rate On Hold → Patient Overview Canadian markets opened cautiously higher this Tuesday after the S&P/TSX Composite suffered its worst single-session drop in weeks on Friday, closing at 33,833 — a decline of 1.27% — as a global bond-market selloff combined with stalled US–Iran negotiations hammered sentiment. Today's session opened around 34,027 , with the index trading in a tight range of roughly 33,745 to 34,175, suggesting investors are rebuilding positions but remain wary. The dominant story...
Post a Comment
Read more

article

Labels

Sweeping Layoffs Reshape the US Department of Health and Human Services

In a significant restructuring move, the US Department of Health and Human Services (HHS) has initiated mass layoffs, with up to 10,000 employees expected to be affected. Notices of dismissal began circulating on Tuesday, marking the start of a major overhaul aimed at streamlining the department's operations. This reduction follows a series of executive actions, including the revocation of collective bargaining rights for federal health agency workers.

The layoffs span multiple agencies under HHS, including the Centers for Disease Control and Prevention (CDC), the Food and Drug Administration (FDA), and the National Institutes of Health (NIH). Critics warn that these cuts could undermine the nation's ability to respond to health emergencies and ongoing disease threats. Health Secretary Robert F. Kennedy Jr. defended the move, describing it as a necessary step to improve efficiency and reduce bureaucracy.

The restructuring also includes the creation of a new office, the Administration for a Healthy America, which will consolidate several programs. While the administration argues that these changes will lead to better outcomes with fewer resources, concerns about the potential impact on public health services remain high.

Labels:

Comments

Post a Comment