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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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NY Attorney General Letitia James Indicted on Mortgage Fraud Charges Amid Trump Feud

James, a Democrat, said she would continue serving as New York state's top law enforcement official and called the charges 'a continuation of the president's desperate weaponisation of our justice system'.

New York Attorney General Letitia James, a prominent political adversary of President Donald Trump, has been indicted on federal charges of bank fraud and making false statements to a financial institution. A grand jury in Virginia returned the indictment, alleging that James misrepresented a Norfolk, Virginia property as her secondary residence in order to secure more favorable mortgage terms, saving nearly $19,000 over the life of the loan.

James, who previously led a high-profile civil fraud case against Trump and his businesses, dismissed the charges as politically motivated. In a statement, she called the indictment “a continuation of the president’s desperate weaponization of our justice system” and vowed to fight the case vigorously.

The case is being prosecuted by U.S. Attorney Lindsey Halligan, a Trump appointee who has also brought charges against other Trump critics, including former FBI Director James Comey. Legal experts note that the relatively small financial stakes in the case raise questions about whether the prosecution is more about politics than law.

James is scheduled to appear in court on October 24. If convicted, she could face up to 30 years in prison per count, though sentencing would ultimately be determined by a judge.


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