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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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Trump and Qatar’s PM to Hold High-Stakes Talks on Gaza Ceasefire

 

Former U.S. President Donald Trump is set to meet with Qatar’s Prime Minister Sheikh Mohammed bin Abdulrahman Al-Thani in Washington today to discuss a potential ceasefire agreement in Gaza. The meeting comes amid ongoing negotiations in Doha between Israeli and Hamas representatives, centered around a U.S.-backed proposal for a 60-day truce.

The proposed deal includes a phased release of hostages, withdrawal of Israeli troops from key areas in Gaza, and increased humanitarian aid. Qatar, a key mediator in the conflict, has played a pivotal role in facilitating dialogue between the two sides.

Trump’s Middle East envoy, Steve Witkoff, expressed optimism earlier this week, stating that a breakthrough could be imminent. However, talks have stalled over disagreements regarding the extent of Israeli military withdrawal and guarantees for ending the war.

In addition to the ceasefire, Trump and Sheikh Mohammed are expected to discuss efforts to revive U.S.-Iran nuclear negotiations, signaling a broader diplomatic agenda beyond the immediate crisis in Gaza.

The meeting is seen as a critical juncture in international efforts to end the violence that has claimed tens of thousands of lives and displaced Gaza’s entire population.

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