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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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Border Tensions Deepen as Israel Keeps Rafah Crossing Shut Amid Ceasefire Dispute



The Rafah border crossing between Gaza and Egypt will remain closed indefinitely, Israeli Prime Minister Benjamin Netanyahu announced on Saturday. He stated that reopening the vital passage hinges on Hamas handing over the bodies of deceased hostages, as both sides continue to accuse each other of breaching the fragile U.S.-mediated ceasefire.

The announcement came just hours after the Palestinian embassy in Egypt said the crossing would reopen on Monday for limited entry into Gaza. The conflicting statements highlight the growing mistrust between the two parties, with each side blaming the other for undermining the truce.

Adding to the tension, the U.S. State Department reported receiving “credible information” of an imminent ceasefire violation by Hamas, warning that any attack targeting civilians would represent a grave breach of the agreement.

The Rafah crossing, Gaza’s main gateway to the outside world, has long been a lifeline for humanitarian aid and civilian movement. Its continued closure raises concerns about worsening conditions for Palestinians in the enclave, while also signaling the fragility of the ceasefire deal.


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