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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...
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Trump Eases Global Tariffs but Maintains Stance on Canada



In a surprising move, U.S. President Donald Trump has partially reversed his aggressive tariff policies, pausing the highest levies on several nations for 90 days. However, Canada remains excluded from this reprieve. The baseline 10% tariff on imports to the U.S. persists, alongside specific duties on Canadian goods, including automobiles and energy products.

Trump's decision follows mounting pressure from over 75 countries seeking negotiations to mitigate the economic chaos caused by his "reciprocal" tariff regime. While some nations saw relief, Trump doubled down on tariffs for China, raising them to a staggering 125%.

Canada, meanwhile, has responded with retaliatory measures, including tariffs on U.S. vehicles and other goods. The ongoing trade tensions highlight the complexities of Trump's global trade strategy and its ripple effects on international markets.

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