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

Lawmakers to Receive First Classified Briefing on Iran Strikes Amid Rising Tensions


The Trump administration is set to deliver its first classified briefing to Congress regarding the recent U.S. airstrikes on Iranian nuclear facilities. The session, scheduled for Thursday, follows mounting pressure from lawmakers across party lines who have questioned the legality and effectiveness of the strikes.

President Trump authorized the bombing of three Iranian nuclear sites, claiming the action dealt a decisive blow to Iran’s nuclear ambitions. However, a preliminary U.S. intelligence assessment reportedly suggests the damage may have only delayed Iran’s program by a few months, contradicting the administration’s public statements.

Top national security officials, including CIA Director John Ratcliffe, Secretary of State Marco Rubio, and Defense Secretary Pete Hegseth, are expected to lead the briefing. Director of National Intelligence Tulsi Gabbard, initially slated to attend, will not be present.

The briefing comes as the Senate prepares to vote on a resolution that would require congressional approval for any future military action against Iran. Lawmakers are demanding greater transparency and accountability, with Senate Democratic Leader Chuck Schumer calling the administration’s delay in briefing Congress “outrageous”.

As questions swirl around the strategic impact of the strikes and the administration’s long-term goals, Thursday’s briefing is expected to be both contentious and consequential.

Labels:

Comments

Post a Comment