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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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Air Travel Turbulence: U.S. Airlines Grapple with First Wave of Flight Reductions

Passengers are seen at check-in counters at Hartsfield-Jackson Atlanta International Airport in Atlanta, Georgia


U.S. airlines faced a chaotic start on Friday as the Federal Aviation Administration (FAA) ordered a 4% cut in domestic flights at 40 major airports, citing safety concerns amid the record-setting government shutdown. The directive, which took effect at 6 a.m. ET, forced carriers including American Airlines, Delta, Southwest, and United to cancel nearly 700 flights in a single day.

The reductions are part of a phased plan that will escalate to 6% next week and 10% by November 14 if the shutdown continues. International flights remain unaffected, but the domestic impact is already being felt by millions of travelers. Staffing shortages among unpaid air traffic controllers and TSA agents have been blamed for the unprecedented move.

Airline executives sought to reassure passengers, with American Airlines CEO Robert Isom stating that the initial cuts should not cause “significant disruption.” Still, industry leaders warned that deeper reductions could become “problematic” if the shutdown drags on.

At airports from Atlanta to New York, travelers scrambled to rebook flights, while airlines rushed to update schedules and issue waivers for affected customers. Analysts estimate that if the cuts reach 10%, more than 1,800 flights could be canceled daily, making this one of the most severe disruptions in U.S. aviation history.

The crisis underscores how political gridlock has rippled into everyday life, turning airports into flashpoints of frustration. With negotiations in Washington showing little progress, airlines and passengers alike are bracing for a turbulent November.


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