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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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Wall Street Opens Cautiously as Home Depot Kicks Off Retail Earnings Week

US stock futures were muted early Tuesday, with investors weighing a mixed set of signals ahead of a busy stretch for retail earnings. Dow Jones Industrial Average futures edged slightly higher, while S&P 500 and Nasdaq 100 contracts hovered just below the flat line.

Home Depot’s second-quarter results set the tone, showing revenue growth of nearly 5% year-over-year but narrowly missing Wall Street’s earnings and sales forecasts. The home improvement giant reaffirmed its full-year outlook, leaning on strength in its professional contractor segment even as DIY spending remains soft. Shares dipped in premarket trading before recovering some ground.

The retail spotlight now shifts to Target and Walmart, whose results later this week will offer a broader read on consumer resilience amid new US tariffs and shifting spending patterns.

Beyond earnings, traders are eyeing the Federal Reserve’s annual Jackson Hole symposium starting Thursday, where Chair Jerome Powell’s remarks could hint at the central bank’s next move on interest rates. With inflation still stubborn and the labor market showing signs of strain, the path forward remains uncertain — keeping Wall Street in a cautious stance.

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