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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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Bitcoin Rally Cools After 30% Surge Post-Trump Victory

 

The recent Bitcoin rally, which saw the cryptocurrency jump by approximately 30% following President-elect Donald Trump's victory, has started to cool off. Bitcoin reached a record high of $89,968 on Tuesday but has since stabilized around $87,900 as of Wednesday morning in London.

Trump's unexpected support for cryptocurrencies has been a significant factor in this surge. He has pledged to create a friendly regulatory framework for crypto, establish a strategic Bitcoin stockpile, and position the U.S. as a global hub for the industry. This shift in stance has spread optimism across the crypto market, leading to the recent price spike.

However, analysts caution that while further gains are possible, much of the positive news is already priced in. The market is now awaiting upcoming U.S. inflation data, which could influence the Federal Reserve's decisions on interest rates and impact Bitcoin's trajectory.

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