Skip to main content

Featured

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 ...
Post a Comment
Read more

article

Labels

Rebel Group Seizes Key Myanmar Border Town, Dealing Blow to Military Regime


A powerful rebel group has seized control of Kanpaiti, a key trading town in northeastern Myanmar on the Chinese border, marking a significant setback for the military-led government. Witnesses report that the Kachin Independence Army (KIA) has taken over the town, which is a lucrative rare earth mining hub.

The loss of Kanpaiti leaves Myanmar's military in control of only one town with a border crossing, Muse, and deprives it of potential profits from the mines that provide China with rare earth minerals critical for various high-tech applications. Video clips circulating on social media, which could not be independently verified, showed a KIA member raising the group's flag at the tunnel through the mountain to China.

The military seized power from the elected government of Aung San Suu Kyi in February 2021, triggering intensified fighting with long-established armed militias organized by Myanmar's ethnic minority groups. The KIA's recent success is part of a broader offensive by an alliance of powerful militias that has led to a series of unprecedented defeats for the Tatmadaw, Myanmar's armed forces.

The ongoing civil war and military restrictions make travel for journalists nearly impossible, but the reports were confirmed by witnesses by telephone. The fall of Kanpaiti is another blow to the regime, but analysts suggest it may not significantly affect the military's ability to wage war.


Labels:

Comments

Post a Comment