Skip to main content

Featured

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 ...
Post a Comment
Read more

article

Labels

Canada’s Climate Aid Commitment: A Trillion-Dollar Question at COP29

 

As the COP29 United Nations Climate Change Conference unfolds in Baku, Azerbaijan, one of the most pressing issues on the agenda is the financial responsibility of wealthy nations, including Canada, in addressing global climate change. Historically, Canada and other high-income countries have contributed significantly to global emissions, and now they face increasing pressure to provide substantial financial aid to developing nations.

In 2021, Canada doubled its international climate finance pledge to $5.3 billion over five years. However, a coalition of Canadian aid groups is pushing for this amount to be tripled to meet the growing needs of vulnerable countries. The international community is calling for a new, ambitious climate finance goal, potentially reaching trillions of dollars annually, to support mitigation and adaptation efforts worldwide.

The stakes are high, as failure to agree on a new climate finance target could undermine global efforts to limit warming and erode trust between developed and developing nations. As negotiations continue, the world watches closely to see how Canada and other wealthy countries will respond to this trillion-dollar question.


Labels:

Comments

Post a Comment