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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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Israel Intensifies Military Operation in Gaza Amid Hostage Crisis

Israel has launched a new military operation in Gaza, named Operation Gideon’s Chariots, aimed at increasing pressure on Hamas to release the remaining hostages. The offensive follows days of intense airstrikes that have resulted in significant casualties, with Gaza’s health ministry reporting hundreds of deaths.  

Israeli Prime Minister Benjamin Netanyahu has vowed to escalate military actions to dismantle Hamas, which has controlled Gaza for nearly two decades. The operation comes amid growing international concerns over the humanitarian impact, as aid groups warn of worsening shortages of essential supplies due to an ongoing blockade.  

The renewed offensive has also sparked domestic tensions within Israel, with families of hostages urging the government to prioritize diplomatic negotiations over military action. Meanwhile, Hamas has called on the United States to intervene and pressure Israel into allowing humanitarian aid into Gaza.  

As the conflict intensifies, global leaders, including UN Secretary-General António Guterres, are expected to address the situation in upcoming diplomatic discussions. The operation marks a critical moment in the ongoing war, with both sides standing firm on their positions.

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