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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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Winter Tires: Essential Insights for Safe Winter Driving

 

Life as a driver in Canada can be costly, and the debate over the necessity of winter tires is ongoing. Here are some key points to consider:

  • Winter Tire Benefits: Winter tires, marked with the alpine symbol, offer superior traction in icy and snowy conditions. They have wide tread grooves and soft rubber compounds that remain pliable in freezing temperatures, significantly improving safety.

  • Cost and Usage: While winter tires can be expensive, ranging from $800 to $2,000, they are a worthwhile investment for those who drive frequently in winter conditions. All-season tires lose traction below 7°C, making winter tires a safer choice.

  • Legal Requirements: Quebec mandates winter tires from Dec. 1 to March 15, and British Columbia requires them on most routes from Oct. 1 to April 30. Other provinces recommend but do not require them.

  • Performance: Studies show that winter tires can reduce stopping distances by up to 30% compared to all-season tires, enhancing overall vehicle safety during winter months.

Investing in winter tires can be a crucial step in ensuring safe driving during Canada’s harsh winters.

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