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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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LaSalle College Delays Semester Start Amid $30M Fine Dispute

 

LaSalle College in Montreal has postponed the first day of its fall semester by one day in response to a $30-million fine imposed by the Quebec government for exceeding English-language student quotas.

The fine stems from violations of Bill 96, Quebec’s language law that limits enrollment in English-language programs at subsidized institutions. LaSalle College reportedly exceeded its quota by 716 students in 2023–24 and by 1,066 students in 2024–25, prompting fines of $8.8 million and $21 million respectively.

College officials argue the penalties are “abusive” and threaten the institution’s survival. They claim the quotas were enforced mid-enrollment, leaving them unable to comply without breaching contracts with international students. Although the college says it is now compliant for the 2025–26 academic year, it is challenging the fines in Quebec Superior Court.

Despite the delay, LaSalle assures students that their academic progress will not be affected. The campus remains open for meetings and social gatherings, while administrators continue to seek a resolution with the government.

Quebec’s Higher Education Minister Pascale Déry criticized the college for “holding students hostage” and urged it to negotiate in good faith. LaSalle CEO Claude Marchand responded by calling the government’s stance “stubborn” and reiterated the college’s commitment to finding a fair solution.

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