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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 Monsoon Catastrophe: Death Toll Surges Past 1,000

 

People wade down a flooded road, Nov. 30, 2025, in Sumatra, Indonesia, amid flooding caused by torrential monsoon rains that killed over 1,000 people in four countries.


The scale of devastation across Southeast Asia has become tragically clear as floods and landslides have claimed more than 1,000 lives in recent days. Triggered by torrential monsoon rains and rare tropical storms, the disaster has ravaged communities in Indonesia, Sri Lanka, Thailand, and Malaysia, leaving millions displaced and entire villages cut off from aid.

In Indonesia’s Sumatra, relentless rainfall submerged towns and forced residents to cling to rooftops awaiting rescue by boat or helicopter. Sri Lanka has seen widespread destruction, with military forces deployed to assist survivors and deliver emergency supplies. Thailand and Malaysia have also reported severe flooding, with roads and communication lines crippled, complicating relief efforts.

Scientists warn that climate change is intensifying monsoon patterns, producing more extreme rainfall events and turbocharging storms across the region. The back-to-back cyclones Senyar and Ditwah worsened the crisis, striking within days of each other and overwhelming already saturated landscapes.

Governments are scrambling to respond. Indonesian President Prabowo Subianto acknowledged that “the worst has passed, hopefully,” while pledging helicopters, hospital ships, and warships to reach isolated communities. In Sri Lanka, officials have appealed for international assistance as the scale of displacement grows.

The floods have not only taken lives but also destroyed homes, livelihoods, and infrastructure. With millions now homeless or stranded, the disaster is being described as one of the deadliest natural calamities in Asia in recent years. Relief agencies warn that the humanitarian crisis will deepen unless aid reaches survivors quickly.


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