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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...
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Freeland and Carney Emerge as Front-Runners in Liberal Leadership Race


The race to succeed Prime Minister Justin Trudeau has intensified as Chrystia Freeland and Mark Carney gain significant support from Liberal MPs. Freeland, the former finance minister and deputy prime minister, and Carney, the former governor of the Bank of Canada and Bank of England, are seen as the leading contenders to take over the Liberal leadership.

Freeland, who resigned from her cabinet position last month, has been a prominent figure in Canadian politics, known for her strong economic policies and international diplomacy. Carney, on the other hand, is viewed as an outsider who could bring a fresh perspective to the party, with his extensive experience in global finance and his roots in Alberta.

The Liberal Party is set to announce its new leader on March 9, and the competition is expected to be fierce. With the backing of more than 30 MPs, both Freeland and Carney are well-positioned to lead the party into the next federal election.

The outcome of this leadership race will shape the future of the Liberal Party and its approach to key issues facing Canada. As the contenders continue to rally support, the political landscape in Canada remains dynamic and unpredictable.



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