Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

B.C. Public Service Workers Begin Strike After Talks Collapse

 


Thousands of British Columbia public service workers have begun strike action after a midnight deadline passed without a deal between the province and the BC General Employees’ Union (BCGEU). The union, representing about 34,000 members across sectors such as social services, health care, education, liquor stores, prisons, and public administration, issued a 72-hour strike notice last week following a breakdown in negotiations in July.

On Monday, BCGEU confirmed that a portion of its members — without specifying which groups — would walk off the job starting Tuesday morning. Picket lines have been set up in Victoria, Prince George, and Surrey, with union president Paul Finch joining workers on the front lines.

The strike vote saw overwhelming support, with 92.7% of members backing job action “if necessary.” The union is seeking a 4% wage increase in the first year, 4.25% in the second, and a cost-of-living adjustment.

Provincial officials have yet to comment on the latest developments, but the work stoppage is expected to impact a wide range of public services across the province.


Labels:

Comments

Post a Comment