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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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Shifting Sands: Israel's Uncertainty Amid Trump's Gulf Visit

As U.S. President Donald Trump embarks on a diplomatic tour of Saudi Arabia, Qatar, and the United Arab Emirates, Israel finds itself questioning its standing in Washington's priorities. The visit comes at a time of heightened tensions in the Middle East, with Israel intensifying its military operations in Gaza and Iran edging closer to nuclear capabilities.

Trump's decision to bypass Israel on this trip has fueled concerns among Israeli officials, particularly after recent U.S. actions that appeared to sideline Israeli interests. The abrupt halt in American strikes against Iranian-backed Houthis in Yemen, following a missile attack near Israel's main airport, was seen as a signal that Israel may no longer be a top priority for Washington. Additionally, reports that the U.S. is no longer insisting on Saudi-Israeli normalization as a prerequisite for civil nuclear cooperation talks have further unsettled Israeli leadership.

Despite reassurances from U.S. officials that the alliance remains strong, Israeli leaders are grappling with the unpredictability of Trump's foreign policy decisions. Some officials describe the administration's approach as chaotic, with decisions often made without prior consultation with Israel. This uncertainty has led to growing public perception that Israel and the U.S. may be diverging on key regional issues.

As Trump focuses on economic and strategic partnerships in the Gulf, Israel is left to navigate its own path, balancing its security concerns with the evolving dynamics of U.S. foreign policy. Whether this marks a temporary shift or a long-term recalibration remains to be seen, but for now, Israel is watching closely, seeking clarity on its place in Washington's agenda.

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