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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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Fragile Peace in Sweida: Syria Calls for Calm Amid Sectarian Strife

 

The Syrian government has issued an urgent appeal for all factions involved in the recent violence in Sweida province to honor a newly brokered ceasefire. The region, predominantly inhabited by the Druze minority, has been rocked by deadly clashes between Druze militias and Bedouin clans, prompting widespread displacement and humanitarian crisis.

Interim President Ahmed al-Sharaa emphasized the importance of unity and denounced foreign interference, particularly Israeli airstrikes that targeted Syrian military positions in Damascus and southern Syria. These strikes were reportedly carried out under the pretext of protecting the Druze community.

The ceasefire, mediated by the United States, Turkey, and Jordan, aims to halt hostilities and restore stability. Internal security forces have begun deploying in Sweida to enforce the truce, while Druze factions have been tasked with maintaining local order.

Despite the agreement, tensions remain high. Some Druze leaders have rejected the deal, calling for continued resistance, while others advocate reconciliation. The United Nations estimates that nearly 80,000 people have been displaced since the violence erupted, with essential services in the region severely disrupted.

As the situation unfolds, the international community watches closely, hoping the ceasefire holds and paves the way for lasting peace in Syria’s troubled south.

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