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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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Mountain Fury: Flash Floods Devastate Himalayan Village in Northern India

 

An aerial view of submerged houses on the banks of the river Ganga following heavy monsoon rains in Prayagraj, India.


At least four people have died and dozens remain missing after catastrophic flash floods swept through the Himalayan village of Dharali in Uttarakhand, northern India. Triggered by intense monsoon rains and a suspected cloudburst, the deluge destroyed homes, roads, and a bustling local market, leaving many trapped under debris.

Television footage captured torrents of water and mud crashing down the mountainside, obliterating infrastructure and washing away nearly a dozen hotels and several shops. Rescue operations are underway, with the Indian Army and National Disaster Response Force deployed to the remote terrain. Authorities have requested helicopters to assist in the search and relief efforts.

Uttarakhand Chief Minister Pushkar Singh Dhami stated that teams are working “on a war footing” to save lives and provide aid. Schools in nearby districts, including Dehradun and Haridwar, have been ordered closed as more heavy rainfall is forecast.

Experts warn that cloudbursts and flash floods are becoming increasingly frequent in the region, exacerbated by climate change and unregulated development. The tragedy echoes the devastating 2013 floods in Uttarakhand, which claimed over 6,000 lives.

As the monsoon continues to batter the Himalayas, the disaster underscores the urgent need for climate resilience and sustainable planning in vulnerable mountain communities.

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