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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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Greece's Bold Move: Early Repayment of Bailout Loans

Greece is set to repay the remaining loans from its first bailout program by 2031, a full decade ahead of schedule. This ambitious plan, confirmed by government officials, aims to reduce the country's debt burden and shed its label as the most indebted member of the European Union.

The repayment will proceed in annual increments of €5 billion, supported by a €37 billion cash reserve, higher-than-expected budget surpluses, and new bond issuances. Finance Minister Kyriakos Pierrakakis expressed confidence in this strategy, emphasizing its potential to improve Greece's fiscal standing.

This move comes as Greece continues to recover from the financial crisis that began in 2009, which led to three bailout packages totaling €280 billion. By the end of 2024, Greece had already repaid €22 billion of the €53 billion owed from the first bailout.

With its economy projected to grow by 2.3% this year—twice the eurozone average—Greece is on track to reduce its debt-to-GDP ratio to 135% by 2027. This marks a significant turnaround for a country that has faced years of austerity and economic challenges.

This bold repayment plan not only symbolizes Greece's economic resilience but also sets a precedent for fiscal discipline and recovery within the EU.

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