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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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Government Shutdown Grounds 10% of Flights at Major U.S. Airports

                                  Shutdown causes staffing shortages, flight delays, longer security wait times

The U.S. government has ordered a 10% reduction in flights at major airports nationwide as the federal shutdown drags on. The move is aimed at easing pressure on air traffic control and security staff, many of whom have been working without pay.

Airlines were given just over a day to adjust schedules, leading to widespread cancellations and delays. The cuts will primarily affect domestic flights during peak hours, while international routes are expected to continue largely unaffected.

Industry experts warn that the reduction could eliminate thousands of flights and hundreds of thousands of seats, hitting major hubs such as New York, Chicago, Atlanta, Los Angeles, and Dallas. Travelers should expect longer wait times, fewer available flights, and higher ticket prices as airlines reduce capacity.

Officials say the restrictions could be lifted once the shutdown ends, but until then, the aviation system will continue to operate under strain.


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