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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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Gas Prices Drive Canadian Inflation Down to 1.6%

 

In a significant economic development, Canada’s annual inflation rate fell to 1.6% in September, primarily due to a substantial decrease in gasoline prices. This marks the lowest inflation rate since February 2021, surpassing analysts’ expectations of 1.8%.

Statistics Canada reported that gasoline prices dropped by 10.7% year-over-year, contributing significantly to the overall decline in the consumer price index, which decreased by 0.4% month-over-month. Despite the reduction in headline inflation, core inflation measures, which exclude volatile items like food and energy, remained steady at 2.3% and 2.4%.

This data comes ahead of the Bank of Canada’s interest rate announcement on October 23, providing crucial insights into the country’s economic health. The central bank will likely consider these figures when making decisions about monetary policy adjustments.

The decline in inflation offers some relief to Canadian consumers, who have been grappling with high prices over the past few years. However, the steady core inflation indicates that underlying price pressures persist, suggesting that the path to sustained low inflation may still face challenges.


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