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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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Cautious Trading as Investors Await Key Data

 

Markets opened cautiously this morning as investors weighed mixed earnings, shifting rate expectations, and another volatile session in commodities.

TSX

The TSX opened slightly higher, supported by financials and energy, though gains remain modest as traders await fresh economic data later this week.

S&P 500

U.S. markets are mixed, with the S&P 500 drifting lower as tech stocks continue to face pressure from rising bond yields and softer forward guidance from several large-cap names.

Oil

Oil is steady after yesterday’s pullback, with traders watching Middle East supply signals and U.S. inventory data expected tomorrow.

Canadian Dollar

The CAD is trading slightly weaker against the USD, reflecting cautious sentiment ahead of the Bank of Canada’s next rate communication.

What’s Moving

  • Winners: Energy names, select Canadian banks, gold miners
  • Losers: Tech, consumer discretionary, rate‑sensitive sectors


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