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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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Tragedy Strikes: Israeli Air Strike Claims Lives at Gaza Aid Center

 

In a devastating incident, eight Palestinians lost their lives during an Israeli air strike on a training college near Gaza City. Witnesses report that the college was being used to distribute aid to displaced families. The strike targeted part of an industrial college run by the U.N. Palestinian refugee agency UNRWA. The situation remains tense as Israeli tanks continue to advance into the southern city of Rafah.

The victims included individuals who were seeking aid, filling water, or receiving coupons. A Reuters photographer captured the aftermath, with bodies wrapped in blankets awaiting removal from the rubble. The injured, thankfully, are in stable condition. Israel’s ongoing war in the Hamas-administered enclave has intensified, focusing on areas yet to be seized: Rafah and the region surrounding Deir al-Balah.

As the conflict persists, civilians bear the brunt of violence. Families in the Mawasi displaced persons’ camp have been forced to flee, seeking safety in Khan Younis. The Israeli military claims to have targeted weapons stores and tunnel shafts while engaging in fierce fighting with Hamas-led fighters. Meanwhile, the armed wings of Hamas and the Islamic Jihad movement continue their attacks on Israeli forces.

This tragic event underscores the urgent need for peace and humanitarian assistance in the region. The toll on innocent lives cannot be ignored, and the international community must work towards a lasting resolution to prevent further loss and suffering.

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