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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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Markets Steady as Oil Rises on Middle East Tensions


Markets are mixed this morning, with oil climbing on renewed Middle East tensions while equities hold steady ahead of a pivotal week for earnings and central bank signals.

Global markets opened cautiously today as geopolitical tensions and stalled Iran peace talks pushed oil prices higher, keeping investors on edge. S&P 500 futures hovered near flat, while Nasdaq-100 futures ticked up 0.2% and Dow futures slipped slightly. The backdrop remains dominated by uncertainty in the Strait of Hormuz, where fresh disruptions have lifted crude benchmarks.

Oil markets are firming, with West Texas Intermediate climbing above US$96 per barrel and Brent surpassing US$107, reflecting supply concerns tied to regional instability. 

On the corporate front, investors are bracing for a heavy week of earnings from major tech names—five of the “Magnificent Seven” report in the coming days—adding to market sensitivity. Meanwhile, attention is turning to the Federal Reserve’s upcoming policy decision, which could be Jerome Powell’s final meeting as chair before Kevin Warsh steps in. 

Despite geopolitical headwinds, April remains a strong month for equities, with the S&P 500 up more than 9% and the Nasdaq up over 15% month-to-date. 


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