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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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Rafah's Ruins: A Humanitarian Crisis Unfolds

The city of Rafah, once home to 300,000 residents, now lies in ruins as Israel intensifies its military operations in the Gaza Strip. Explosions echo day and night, leveling homes and displacing thousands. Residents fear that Rafah is being transformed into a "humanitarian zone," described by some as a sealed-off camp.

The ongoing blockade, which began on March 2, has left Gaza's 2.3 million residents without access to food or medical supplies. United Nations agencies warn of impending mass hunger and disease, marking the worst conditions since the conflict began in October 2023.

Efforts to negotiate a ceasefire have stalled, leaving the region in a state of uncertainty. As the humanitarian crisis deepens, the international community faces mounting pressure to address the plight of Gaza's civilians.

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