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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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Wall Street Rallies Ahead of Key Earnings and Election

 


Wall Street closed higher on Monday, buoyed by investor optimism as markets brace for a crucial week of earnings reports from megacap companies and the final stretch before the November 5th presidential election.

The major U.S. stock indexes managed to recoup some losses from the previous turbulent trading week. This positive sentiment was further bolstered by the stability in energy supplies, despite recent geopolitical tensions in the Middle East.

Investors are particularly focused on the upcoming earnings reports from tech giants, which are expected to provide insights into the health of the economy and corporate profitability. Additionally, the approaching election adds another layer of anticipation, with market participants closely watching for any developments that could impact economic policies and market dynamics.

As the week progresses, all eyes will be on the performance of these megacap companies and the unfolding political landscape, both of which are likely to significantly influence market movements.


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