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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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Washington Stresses Greenland’s Autonomy Amid Alleged Influence Efforts

 

Mark Stroh, the top U.S. diplomat in Denmark, arrives at the Ministry of Foreign Affairs in Copenhagen in Wednesday.


The United States has reiterated its support for Greenland’s right to decide its own future following Danish intelligence reports alleging that private U.S. citizens attempted to sway political sentiment in the Arctic territory.

Chargé d’Affaires Mark Stroh met with Danish and Greenlandic officials in Copenhagen after Denmark summoned him in response to a report by public broadcaster DR. The report claimed at least three Americans with ties to former President Donald Trump were suspected of promoting opposition to Danish rule in an effort to encourage Greenland’s secession.

In a statement, the U.S. State Department emphasized that Washington “respects the right of the people of Greenland to determine their own future” and noted that the U.S. government does not control the actions of private citizens.

Greenland, a semi-autonomous territory within the Kingdom of Denmark, retains the legal right to declare independence. Its Prime Minister Jens-Frederik Nielsen underscored expectations that “international law and sovereignty will be respected”.

The allegations come amid heightened geopolitical interest in Greenland’s strategic location and mineral resources, with past U.S. administrations openly expressing interest in acquiring the territory.

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