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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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Israel Faces Criticism Over Humanitarian Aid Shortfalls in Gaza

 

International aid organizations have reported that Israel has not met the U.S. demands to improve the humanitarian situation in Gaza. Despite a 30-day deadline set by the Biden administration, which included requirements such as allowing a minimum of 350 truckloads of goods into Gaza daily and opening an additional crossing, Israel has fallen short.

The U.S. had warned that failure to comply could lead to a reduction in military support. However, Israeli officials have downplayed the urgency of the deadline, expressing confidence that the issues will be resolved. Aid groups, including the Norwegian Refugee Council and Save the Children, have highlighted that the humanitarian conditions in Gaza are now worse than at any point in the 13-month conflict.

The situation remains critical, with international pressure mounting on Israel to take more substantial actions to alleviate the suffering of civilians in Gaza.


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