Skip to main content

Featured

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 ...
Post a Comment
Read more

article

Labels

Hurricane Beryl: A Monstrous Category 5 Storm Ravages the Southeast Caribbean

 

Hurricane Beryl, an unprecedented Category 5 storm, has left a trail of destruction in the southeast Caribbean. With its early formation and record-breaking intensity, Beryl has captured global attention. Let’s delve into the impact of this powerful hurricane.

Beryl made landfall in the southeast Caribbean, wreaking havoc on Carriacou, an island in Grenada. As a Category 4 storm, it caused significant damage, claiming lives in Grenada and St. Vincent and the Grenadines. Emergency teams are assessing the extent of destruction, and neighboring islands are bracing for its wrath.

Beryl’s rapid intensification is remarkable. It became the earliest Category 5 storm ever recorded in the Atlantic, fueled by unusually warm waters. Its sustained winds reached a staggering 165 mph (270 kph). The last hurricane of this magnitude to hit the southeast Caribbean was Hurricane Ivan two decades ago.

Currently located about 370 miles southeast of Isla Beata in the Dominican Republic, Beryl is on a west-northwest trajectory. Jamaica, the Cayman Islands, and Mexico’s Yucatan Peninsula are in its path. Although it’s expected to weaken slightly, Beryl remains a major hurricane as it approaches these regions.

Grenadian Prime Minister Dickon Mitchell emphasizes the need to support affected islands. St. Vincent and the Grenadines’ Prime Minister Ralph Gonsalves vows to rebuild despite widespread devastation. Union Island, Myreau, and Canouan face similar destruction, with 90% of homes on Union Island destroyed.

In summary, Hurricane Beryl’s unprecedented strength and path underscore the urgency of preparedness and resilience in the face of extreme weather events. The southeast Caribbean grapples with the aftermath, while neighboring nations brace for impact.


Labels:

Comments

Post a Comment