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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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Ontario Retirement Home's Abrupt Closure Highlights Need for Regulatory Action

 

The sudden closure of Trillium Care Norwich, a retirement home in Ontario, has underscored the urgent need for stronger regulatory oversight and protections for seniors, advocates say. The home gave residents just two weeks' notice before shutting its doors on November 11, leaving 18 residents and their families scrambling to find alternative accommodations.

The Retirement Home Regulatory Authority (RHRA) stated that the abrupt closure violated the Retirement Homes Act, which mandates a 120-day notice period for residents. Despite this, the RHRA admitted that it lacked the authority to prevent the closure. Advocates argue that this situation highlights the necessity for more robust regulatory powers and the establishment of seniors' advocacy offices across the country.

Laura Tamblyn Watts, CEO of CanAge, a national seniors' organization, emphasized the importance of having independent advocates in every province to ensure that systemic issues affecting seniors are addressed effectively. She also pointed out that oversight bodies often lack sufficient funding, which hampers their ability to protect residents.

As families and residents navigate this challenging situation, the call for stronger regulations and advocacy for seniors grows louder, with hopes of preventing similar incidents in the future.

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