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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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Erdogan Urges Global Pressure on Israel to Uphold Gaza Ceasefire

U.S. President Donald Trump and Turkish President Tayyip Erdogan shake hands as they pose for a photo in Sharm el-Sheikh, Egypt.

Turkish President Recep Tayyip Erdogan has called on the United States and other international powers to take stronger action to ensure Israel complies with the Gaza ceasefire agreement. Speaking to reporters after a recent diplomatic visit, Erdogan emphasized that while Hamas has publicly committed to honoring the truce, Israel continues to face accusations of violations.

Erdogan suggested that measures such as sanctions or halting arms sales could be necessary if Israel fails to adhere to the terms. He stressed that Turkey, a NATO member and active mediator in the ceasefire talks, is committed to supporting peace efforts and preventing renewed violence.

“The international community, particularly the United States, must do more to guarantee Israel’s full compliance,” Erdogan said, underscoring the fragility of the current truce and the importance of sustained international oversight.

The remarks come as regional and global actors intensify efforts to stabilize Gaza and lay the groundwork for reconstruction, with Turkey positioning itself as a key player in both mediation and rebuilding initiatives.


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