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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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Asia’s Flood Catastrophe: Race Against Time as Death Toll Surges

A couple sits outside their home, partially covered in mud after a flash flood hit their village in Tukka, Central Tapanuli Regency, North Sumatra, Indonesia, December 1, 2025.

Rescue operations are intensifying across Southeast Asia as the death toll from catastrophic floods and landslides has climbed beyond 1,300 lives. The disaster, triggered by days of relentless monsoon rains and compounded by tropical storms, has devastated communities in Indonesia, Sri Lanka, and Thailand, leaving more than 800 people missing and millions displaced.

Emergency crews are working around the clock to reach survivors stranded on rooftops and in remote villages cut off by mudslides and collapsed infrastructure. Helicopters and boats have been deployed to deliver food, clean water, and medical supplies, while volunteers and local authorities struggle to clear debris and restore communication lines.

The scale of destruction is immense: homes have been swept away, farmland submerged, and critical roads rendered impassable. In Indonesia’s North Sumatra, aerial images show villagers navigating muddy terrain in search of safety. Sri Lanka and Thailand report similar scenes of devastation, with families forced to flee rising waters and landslides.

Officials warn that the death toll may continue to rise as search teams uncover more bodies in remote areas. Climate experts point to warming oceans and shifting weather patterns as contributing factors, raising fears that such disasters could become increasingly frequent in the region.

Governments are pledging emergency aid, but survivors face a long road to recovery. With thousands still missing and infrastructure severely damaged, the floods are being described as one of the deadliest natural disasters in recent Asian history.

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