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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 Slip as U.S.–Iran Standoff Deepens and Risk Sentiment Weakens

 


North American markets opened the week under pressure as renewed U.S.–Iran tensions rattled global risk sentiment. Major indexes across Canada and the U.S. slipped, with investors shifting toward defensive sectors and safe‑haven assets.

The latest escalation — including heightened military posturing and stalled diplomatic channels — pushed oil prices higher and injected fresh volatility into energy markets. While rising crude typically supports Canadian producers, the broader uncertainty weighed on equities, particularly in rate‑sensitive and cyclical sectors.

Bond yields edged lower as investors sought safety, and the Canadian dollar softened slightly against the U.S. dollar, reflecting a cautious tone across global markets.

For Canadian investors, the key risk remains prolonged geopolitical instability feeding into energy prices, inflation expectations, and central‑bank policy paths. Until tensions ease, markets are likely to remain headline‑driven and choppy.


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