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

Trump Honored in Japan as U.S.-China Trade Truce Gains Momentum

US President Donald Trump meets with Japan's Emperor Naruhito at the Imperial Palace in Tokyo, Japan

U.S. President Donald Trump received a royal welcome in Tokyo on Monday, marking a high-profile stop on his five-day Asia tour. The ceremonial reception at the Imperial Palace underscored the strength of U.S.-Japan ties, while attention also turned to Trump’s upcoming meeting with Chinese President Xi Jinping later this week.

During earlier stops in Malaysia, Trump announced a series of trade and mineral agreements with four Southeast Asian nations. Negotiators from Washington and Beijing have since outlined a framework to pause escalating tariffs and Chinese export restrictions on rare earth minerals, a breakthrough that sent Asian markets soaring to record highs.

“I’ve got a lot of respect for President Xi and I think we’re going to come away with a deal,” Trump told reporters before arriving in Japan. The potential truce could ease months of economic tension between the world’s two largest economies, offering relief to global markets and U.S. farmers alike.

As Trump continues his Asia tour, the world watches closely to see whether the symbolic warmth in Tokyo will translate into tangible progress in Seoul, where the decisive talks with Xi are set to take place.


Labels:

Comments

Post a Comment