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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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Alberta Halts Health Procurement Amid Controversy

                                           Alberta Premier Danielle Smith 


Alberta’s government has abruptly ended procurement negotiations with two companies linked to Edmonton businessman Sam Mraiche, a figure at the centre of a growing health care scandal. The firms were in talks to build private surgical facilities in Red Deer and Lethbridge, but the United Conservative government announced the termination following mounting criticism over transparency and potential conflicts of interest.

The decision comes after weeks of scrutiny over Mraiche’s involvement in provincial health contracts. Allegations of inflated prices, political pressure, and questionable procurement practices have fueled public concern, prompting Alberta’s auditor general to launch an investigation into the health authority’s contracting processes.

Premier Danielle Smith’s government has faced backlash for its dealings with Mraiche’s companies, especially given his limited background in the medical sector. Critics argue that the episode highlights deeper issues of oversight and accountability in Alberta’s health care system.

By halting these negotiations, the province aims to restore public trust, though opposition leaders continue to call for broader inquiries into alleged corruption and mismanagement. The controversy underscores the tension between Alberta’s push for expanded private surgical facilities and the need for rigorous safeguards in public procurement.

In summary: Alberta’s move to end talks with Mraiche-linked firms signals a retreat from controversial health care deals, but the scandal has already sparked wider investigations and political fallout.

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