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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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Escalation in Gaza: Israeli Strikes Kill 40, Tanks Advance in the North

 

The conflict in Gaza has intensified as Israeli military strikes have killed at least 40 Palestinians across the Gaza Strip. The Israeli forces have tightened their grip around Jabalia in the north, engaging in fierce battles with Hamas-led fighters.

The escalation comes amid a broader offensive that has seen Israeli tanks advancing into northern Gaza, including the towns of Beit Lahiya and Beit Hanoun. The Israeli military’s stated aim is to eliminate Hamas fighters regrouping in these areas.

Palestinian health officials reported multiple casualties from Israeli airstrikes, including 11 people near Al-Falouja in Jabalia and 10 others in Bani Suhaila in eastern Khan Younis. Additional strikes destroyed homes in Gaza City and the Nuseirat camp, resulting in further loss of life.

The United Nations has expressed concern over the humanitarian impact, noting that the Israeli military appears to be cutting off northern Gaza from the rest of the enclave. This has raised fears of a potential forced displacement of residents, a claim Israel denies.

As the conflict continues, the international community watches closely, urging both sides to prioritize the safety and well-being of civilians caught in the crossfire.


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