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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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Tragedy Strikes Sumy: Over 30 Lives Lost in Missile Attack

In a devastating turn of events, a Russian missile strike on the Ukrainian city of Sumy has claimed the lives of at least 32 people, including children, and left 84 others injured. The attack occurred on Palm Sunday, a day meant for peace and reflection, as two ballistic missiles struck the city center around 10:15 a.m. local time.

The aftermath painted a grim picture, with rescue teams working tirelessly amidst the rubble of destroyed buildings and burnt-out vehicles. Acting Mayor Artem Kobzar described the incident as a "terrible tragedy," emphasizing the profound loss felt by the community.

Ukrainian President Volodymyr Zelenskyy condemned the attack, calling for a global response to what he described as acts of terror. This strike marks yet another escalation in the ongoing conflict, highlighting the urgent need for international intervention and a push towards peace.

The attack on Sumy is a stark reminder of the human cost of war, leaving a community in mourning and the world grappling with the consequences of prolonged conflict.

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