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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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Mandelson Calls Epstein Ties “Albatross Around My Neck” Amid Renewed Scrutiny

Donald Trump shakes hands with Peter Mandelson after announcing a trade deal with the UK in the Oval Office at the White House

Britain’s ambassador to the United States, Peter Mandelson, has publicly expressed deep remorse over his past association with convicted sex offender Jeffrey Epstein, admitting the relationship lasted “far longer than I should have allowed”.

The veteran Labour figure, once a key strategist under Tony Blair, has faced mounting criticism after the release of a “birthday book” containing a 2003 letter in which he referred to Epstein as his “best pal.” Speaking to The Sun, Mandelson described Epstein as a “charismatic criminal liar” and said he felt “profound sympathy” for the women who suffered because of his crimes.

Mandelson acknowledged he had taken Epstein’s assurances about his criminal case at face value, a decision he now regrets “very much indeed.” He likened the association to “an albatross around my neck” since Epstein’s death in 2019.

Despite the controversy, Prime Minister Keir Starmer has reaffirmed his confidence in Mandelson, citing his role in strengthening UK–US trade ties. However, further documents and correspondence between the two men are expected to surface, potentially prolonging the political fallout.

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