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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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Mark Carney's Victory Sparks Global Optimism for Canada

Mark Carney's election as Canada's Prime Minister has drawn congratulations from leaders worldwide, signaling hopes for strengthened international ties amid growing uncertainty surrounding U.S. policies. European Commission President Ursula von der Leyen praised Carney's leadership, emphasizing the importance of defending shared democratic values and promoting multilateralism. British Prime Minister Keir Starmer echoed similar sentiments, highlighting the close alliance between the UK and Canada.

Carney's campaign, which focused on "Trump-proofing" Canada, resonated with voters concerned about U.S. President Donald Trump's trade war and annexation threats. In his victory speech, Carney reaffirmed Canada's commitment to unity and resilience, stating, "America wants our land, our resources, our water, our country. But these are not idle threats. President Trump is trying to break us so that America can own us. That will never happen".

As Carney prepares to lead Canada, global leaders have expressed optimism about collaborating with his administration to address shared challenges and uphold the rules-based international order. His victory marks a pivotal moment for Canada on the world stage.

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