Skip to main content

Featured

TSX Steadies After Bond Rout | Canadian Money Brief — May 19, 2026

  TSX Steadies After Bond Rout — But Iran Uncertainty Keeps a Lid on Gains Canadian equities attempt a cautious bounce this morning after last week's sharp sell-off. Oil near US$100 props up energy shares, while gold cools in Canadian-dollar terms and the loonie holds a fragile grip at 72–73 cents US. Canadian Money Brief  ·  moneysavings.ca  ·  May 19, 2026 TSX ~34,020 ▲ Recovering CAD/USD $0.727 → Flat WTI Oil ~US$100 ▲ Elevated Gold (CAD) ~$6,243/oz ▼ Pullback BoC Rate On Hold → Patient Overview Canadian markets opened cautiously higher this Tuesday after the S&P/TSX Composite suffered its worst single-session drop in weeks on Friday, closing at 33,833 — a decline of 1.27% — as a global bond-market selloff combined with stalled US–Iran negotiations hammered sentiment. Today's session opened around 34,027 , with the index trading in a tight range of roughly 33,745 to 34,175, suggesting investors are rebuilding positions but remain wary. The dominant story...
Post a Comment
Read more

article

Labels

South Korean President Declares Emergency Martial Law


 In a surprising move, South Korean President Yoon Suk Yeol declared emergency martial law on Tuesday, citing the need to protect the country's constitutional order. The declaration accuses the opposition of controlling the parliament, sympathizing with North Korea, and engaging in anti-state activities.

During a televised briefing, President Yoon vowed to "eradicate pro-North Korean forces and protect the constitutional democratic order." He emphasized the necessity of the martial law to "rebuild and protect the free Republic of Korea," which he claims is falling into national ruin.

The announcement has drawn immediate criticism from politicians across the spectrum. Han Dong-hoon, leader of Yoon's own conservative party, called the decision "wrong" and vowed to stop it with the people. Opposition leader Lee Jae-myung, who narrowly lost to Yoon in the 2022 presidential election, labeled the declaration "illegal and unconstitutional."

The declaration's impact on South Korea's governance and democracy remains unclear, but it has certainly intensified the political turmoil in the country. As the situation unfolds, the world watches closely to see how this unprecedented move will shape the future of South Korea.



Labels:

Comments

Post a Comment