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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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UK Eyes Economic Accord as a Path to Tariff Relief

The United Kingdom remains optimistic about the prospects of securing the reversal of US-imposed tariffs through an upcoming economic agreement. Officials from Britain view this potential accord as a critical opportunity to strengthen bilateral trade ties and reduce trade barriers that have strained the economic relationship between the two nations.

Negotiations have gained momentum as both parties seek to address key trade issues, including tariffs on steel, aluminum, and other goods. The UK's leadership has expressed hope that removing these tariffs will not only benefit exporters but also foster economic growth on both sides of the Atlantic.

As discussions advance, analysts are closely observing the diplomatic dynamics that will shape the outcome of the agreement. The deal, if finalized, could mark a turning point in the UK-US economic partnership, paving the way for deeper collaboration and mutual prosperity.


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