Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Canada's Economy Surpasses Expectations with 2.2% Growth in Q1

 

Canada's economy grew at an annualized rate of 2.2% in the first quarter of 2025, exceeding market forecasts. The growth was primarily driven by strong exports, as businesses rushed to stockpile goods ahead of anticipated tariffs. 

Despite the positive headline figure, domestic demand showed signs of weakness, with household spending slowing to 0.3%, compared to 1.2% in the previous quarter. Business investment in machinery and equipment, however, provided a boost, increasing by 5.3%. 

The latest GDP data comes just days before the Bank of Canada's rate decision, which could influence monetary policy moving forward. Analysts had expected a 1.7% growth rate, making the 2.2% expansion a welcome surprise. 

With uncertainty surrounding trade policies and consumer spending trends, economists will be watching closely to see if this momentum continues into the second quarter.

Labels:

Comments

Post a Comment