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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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Canada’s Inflation Rate Rises to 2% in October

 

In October 2024, Canada’s inflation rate increased to 2%, up from 1.6% in September, according to Statistics Canada. This rise marks a significant shift, driven by various economic factors.

The Consumer Price Index (CPI) showed that while gasoline prices fell by 4% year-over-year, this decline was less pronounced than in previous months. Excluding gasoline, the all-items CPI rose by 2.2%, consistent with the growth rates observed in August and September.

Shelter costs continued to rise, albeit at a slower pace, with a 4.8% increase compared to the previous year. Food prices also saw a faster increase, with a 2.7% rise in October compared to 2.4% in September.

This uptick in inflation reflects ongoing adjustments in the economy, influenced by fluctuating energy prices and persistent supply chain challenges. As Canada navigates these economic shifts, the impact on consumers and businesses will be closely monitored.


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