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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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Republicans Secure House Majority, Completing Sweep into Power

 

In a significant political shift, Republicans have won enough seats to take control of the U.S. House of Representatives, completing their sweep into power alongside President-elect Donald Trump. This victory, marked by a decisive win in Arizona and a crucial seat in California, gives the GOP the 218 seats needed for a majority.

With this new majority, Republican leaders are poised to implement Trump's vision for the country, which includes extensive deportation operations, tax breaks, and a reshaping of the U.S. economy. The GOP's control of both the House and Senate ensures that Congress will support Trump's ambitious agenda, leaving Democrats with limited power to oppose it.

This marks a stark contrast to Trump's first term, where he faced resistance from within his own party and a Supreme Court with a liberal majority. Now, with a Republican-dominated Congress and a conservative Supreme Court, Trump is set to govern with fewer obstacles.

The Republican victory has sparked a sense of urgency among party leaders to swiftly enact their policies, reflecting the transformative impact of Trump's "Make America Great Again" movement on the GOP.

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