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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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Canada Post Faces Overhaul: Door-to-Door Delivery on the Chopping Block

Canada Post is at a crossroads, facing financial instability that has prompted recommendations for a major overhaul. A recent report by the Industrial Inquiry Commission suggests that the Crown corporation should phase out daily door-to-door letter mail delivery for individual addresses while maintaining service for businesses. 

The report highlights Canada Post’s financial struggles, stating that the organization is “effectively insolvent” and must adapt to survive. The decline in traditional mail services, coupled with fierce competition in parcel delivery, has made the current model unsustainable. The proposed changes include shifting to community mailboxes where practical and lifting moratoriums on rural post office closures. 

Additionally, the report recommends allowing Canada Post to hire part-time employees to assist with parcel delivery on weekends and during peak times. These measures aim to modernize operations and prevent further financial decline. 

While the recommendations may spark debate, they underscore the urgent need for Canada Post to evolve in an era where digital communication and private-sector competition are reshaping the postal landscape. The federal government now faces a critical decision on whether to implement these changes or continue subsidizing the corporation’s growing deficits.

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