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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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Investigation into Baltimore Bridge Collapse Picks Up Speed as Divers Search for Missing Workers

 

U.S. federal safety investigators have recovered the black box from the freight ship that crashed into the Francis Scott Key Bridge, causing its collapse. Rescuers are now searching for the remains of six construction workers who were lost in the tragic incident.

The cargo ship, a 948-foot (289-meter) Singapore-flagged container vessel named Dali, collided with a pillar of the 1.6-mile (2.6 km) bridge in the early morning darkness on Tuesday. The impact caused a trestled section of the bridge to crumple into the water, sending vehicles and workers into the frigid, 50-foot-deep waters at the mouth of the Patapsco River.

Key Details:

  • Black Box Recovery: Investigators from the U.S. National Transportation Safety Board (NTSB) retrieved the data recorder after boarding the ship late on Tuesday. They will interview the ship’s crew and other survivors.
  • Closure of Port of Baltimore: The disaster forced the indefinite closure of the Port of Baltimore, one of the busiest on the U.S. Eastern Seaboard, creating a traffic quagmire for Baltimore and the surrounding region.
  • Rescues and Tragedy: Rescuers managed to pull two construction workers from the water alive on Tuesday, but six others are presumed to have perished. Among the missing are immigrants from Mexico, Guatemala, and El Salvador.
  • Bridge Code Compliance: Maryland Governor Wes Moore stated that the bridge was up to code with no known structural issues.
  • Preventing Higher Casualties: The container vessel had reported a loss of propulsion shortly before impact and dropped anchor to slow down, allowing transportation authorities to halt traffic on the bridge before the crash. This likely prevented a higher death toll.

The investigation into this tragic incident will provide a timeline of events, shedding light on how and why the cargo ship collided with the bridge. Meanwhile, divers continue their search for the missing workers, navigating mangled metal in the dark waters where lives were lost.


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