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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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Ontario Faces Major Winter Storm: Heavy Snow and Fierce Winds Set to Disrupt Travel

 

A person crosses the street in a spring snow storm in downtown Toronto, on Wednesday, April 2, 2025.

Ontario is bracing for a powerful winter storm this week, with heavy snowfall and strong winds expected to disrupt travel and daily routines across multiple regions.

Winter Storm Targets Ontario

  • Northern and central Ontario could see snowfall totals reaching 30 to 60 cm, with snowfall rates up to 4 cm per hour, creating near-zero visibility and dangerous driving conditions.
  • Southern Ontario snowbelt regions near Lake Huron and Georgian Bay may experience 20–40+ cm of snow from multi-day squalls, combined with gusty winds up to 60 km/h.
  • The Greater Toronto Area (GTA) is forecast to avoid major accumulations, but winds reaching 90 km/h could still cause blowing snow and reduced visibility.

What Residents Should Expect

  • Hazardous travel and possible road closures in northern communities.
  • Whiteout conditions and drifting snow in southern snowbelt areas.
  • Strong winds across central and southern Ontario, with potential power outages.

Officials are urging residents to prepare by stocking essentials, avoiding non-essential travel, and staying alert to weather updates as the storm intensifies.


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