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TSX Eyes Gains as Trump-Xi Summit Looms and Oil Steadies Near $95

Canadian Money Brief · Monday, May 11, 2026 Canadian equities are set for a cautious but constructive open this Monday as investors balance a packed macro calendar against an energy sector still reeling from one of its most volatile weeks in recent memory. TSX at a Glance The S&P/TSX Composite closed Friday at 34,077.76 , up 221 points (+0.65%) to cap a week dominated by whipsaw oil moves and a fragile Middle East ceasefire. The energy sector has led TSX gains over the past seven days — up roughly 5% — even as WTI crude fell about 7% on the week, settling near $95.42 per barrel . That apparent contradiction reflects Canadian producers' longer-term optimism on supply tightness rather than any single day's price swing. For the year, the TSX is up approximately 35%, outpacing most major global benchmarks. The Big Story: Trump Heads to Beijing All eyes this week will be on Washington and Beijing. President Donald Trump is scheduled to arrive in China on Wednesday , with formal ...
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5 Things to Know Today: Key Money Stories Canadians Are Watching

 

1. Fintrac Warns of Rising Extortion‑Linked Transactions

Canada’s financial intelligence agency says criminal networks are increasingly using young international students to move money tied to extortion schemes, with over 63,000 suspicious transactions flagged so far in 2026. This highlights growing fraud exposure for small businesses and households.

2. Spring Economic Update Coming April 28

The federal government will release its Spring Economic Update next week, outlining new measures aimed at strengthening Canada’s economy. Markets will be watching closely for signals on spending, deficits, and consumer‑focused affordability measures.

3. Ottawa to Announce New Homebuilding Measures

The Prime Minister is set to unveil new policies to accelerate home construction in Ottawa. Any supply‑boosting measures could influence housing affordability, construction sector activity, and mortgage‑market expectations.

4. Alberta Referendum Update Expected Today

Alberta Premier Danielle Smith will provide an update on the province’s fall referendum, which includes proposals affecting immigration‑linked social services. Policy shifts could have downstream effects on labour markets and provincial economic planning.

5. Rising Political Uncertainty in Quebec

Quebec’s new premier, Christine Fréchette, faces a “glass cliff” scenario as she leads an unpopular party into an election within six months. Political instability can influence provincial spending priorities, investor sentiment, and business confidence.


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