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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 Workers Set to Strike Amid Ongoing Labor Dispute


Canada Post workers have issued a strike notice, with plans to walk off the job starting Friday at midnight. The Canadian Union of Postal Workers (CUPW), representing 55,000 employees, has informed the Crown corporation of the impending work stoppage, which could significantly impact mail and parcel deliveries across the country.  

The strike comes as CUPW and Canada Post struggle to reach a new collective agreement. The union has expressed frustration over stalled negotiations, while Canada Post warns that a labor disruption could worsen its already precarious financial situation.  

If the strike proceeds, millions of Canadians and businesses relying on postal services may face delays. Canada Post has stated that socio-economic cheques from government organizations will still be delivered, ensuring financial assistance reaches those in need. However, regular mail and parcel deliveries will be halted until the dispute is resolved.  

This strike marks another chapter in the ongoing labor tensions between Canada Post and its workers. The last major strike lasted 32 days, forcing government intervention to end the work stoppage. As the deadline approaches, both sides remain at the bargaining table, hoping to reach an agreement before operations grind to a halt.

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