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 Pushes Ahead with Navy’s 250th Anniversary Amid Shutdown Standoff

Despite a federal government shutdown that has left thousands of employees furloughed and military personnel working without pay, President Donald Trump pressed forward with celebrations marking the U.S. Navy’s 250th anniversary in Norfolk, Virginia.

Speaking aboard the USS George H.W. Bush, Trump praised the Navy’s history of strength and resilience, declaring that “the show must go on.” The event featured a large crowd of sailors and their families, as well as demonstrations of naval power, including missile launches, SEAL operations, and fighter jet flyovers.

The president used the occasion both to honor service members and to criticize political opponents, blaming Democrats for the shutdown while promising that sailors would receive “every last penny” once the government reopens. First Lady Melania Trump, Defense Secretary Pete Hegseth, and Navy Secretary John Phelan joined him for the commemoration.

While the shutdown loomed in the background, Trump framed the anniversary as a testament to American military might and a reminder of the Navy’s central role in national defense. The celebration, at times resembling a campaign rally, underscored his determination to keep high-profile patriotic events on track despite Washington’s budget impasse.


Labels:

Comments

Post a Comment