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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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Heavy Clashes Erupt Between Israeli Troops and Hezbollah in Southern Lebanon

 

The United Nations has reported intensified clashes between Israeli forces and Hezbollah militants along the southern border of Lebanon, raising concerns of a broader conflict in the region. The violence comes amid heightened tensions following weeks of Israeli military operations in Gaza and increasing rocket fire from Hezbollah into northern Israel.

UNIFIL, the UN peacekeeping force in southern Lebanon, confirmed the escalation, noting significant exchanges of artillery fire and aerial bombardments. Local sources report casualties on both sides, though exact figures remain unclear. Civilians in the area have been urged to evacuate as fears grow over the conflict spiraling out of control.

Israeli officials accuse Hezbollah of launching provocations aimed at opening a second front in the ongoing Israel-Hamas war. Hezbollah, however, claims its actions are in response to Israeli "aggressions" and in solidarity with Palestinians in Gaza.

The United States has urged restraint, with Secretary of State Antony Blinken emphasizing the importance of preventing a regional war. Meanwhile, humanitarian organizations have expressed alarm at the deteriorating conditions for civilians in both Gaza and Lebanon, where displacement and destruction are mounting.

As the situation develops, international efforts to mediate and de-escalate appear increasingly urgent to avoid further destabilization in the Middle East.


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