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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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Former Indian Official Charged in U.S. Murder Plot Previously Arrested in Delhi

 

A former Indian government official, Vikash Yadav, has been charged in the United States for allegedly orchestrating a foiled murder plot against Gurpatwant Singh Pannun, a prominent Sikh separatist and dual U.S.-Canadian citizen. This development follows Yadav’s arrest in New Delhi last December on charges of attempted murder.

According to court records and statements from a police officer, Yadav was detained by Delhi Police on December 18, 2023. He and an associate were accused of kidnapping, assaulting, and robbing an Indian businessman, with the intention of extorting money under the guise of a notorious gangster’s name.

The U.S. Justice Department unsealed the indictment against Yadav, detailing his alleged involvement in the murder plot from May 2023. The indictment claims Yadav, while still an Indian government employee, collaborated with associates both in India and abroad to target Pannun. The plot was uncovered when one of Yadav’s associates, in search of a hitman, inadvertently contacted a Drug Enforcement Administration informant.

Yadav’s lawyer has dismissed the charges as part of an international conspiracy to defame his client and the Indian government. Meanwhile, U.S. authorities are expected to seek Yadav’s extradition.

This case has further strained diplomatic relations between India and Canada, already tense due to allegations of Indian involvement in the murder of another Sikh separatist in Canada last year.


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