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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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Nine Wealthy Families and Foundations Pledge $405 Million for Canadian Climate Action

In a landmark move, nine families and foundations have committed a staggering $405 million over the next decade to support climate action in Canada. This historic pledge, the largest philanthropic contribution to fight climate change in Canadian history, is part of the Climate Champions initiative.

The initiative aims to fund innovative projects that drive climate action and help Canada transition to a low-carbon economy. Among the major contributors are the Trottier Family Foundation, which pledged $150 million, and the Peter Gilgan Foundation, which committed $100 million. The Ivey Foundation also recommitted $100 million to the cause.

Sylvie Trottier, a board member of the Trottier Family Foundation, emphasized the urgency of the climate crisis and the need for bold, collective action. Luke Gilgan of the Peter Gilgan Foundation echoed this sentiment, highlighting the importance of supporting climate solutions.

The announcement coincides with ongoing U.N. climate meetings in Baku, Azerbaijan, where scientists continue to warn about accelerating global warming. The initiative aims to triple climate philanthropy in Canada to over $300 million annually by 2030.

This significant commitment underscores the growing recognition of the climate crisis and the role of philanthropy in driving meaningful change. It also serves as a call to action for other Canadian families and foundations to join the effort in supporting climate solutions.


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