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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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S&P 500 Knocks on Record's Door as Oil Retreats and Iran Talks Revive — April 15, 2026





MoneySavings.ca  ·  Daily Market Brief

Wednesday, April 15, 2026  ·  Morning Edition

S&P 500 knocks on record's door as oil retreats and Iran talks revive

S&P 500 Futures
7,002
Flat  ·  near all-time high
Nasdaq Futures
25,990
Flat  ·  10-day win streak
Dow Futures
48,700
▼ −0.11%
WTI Crude
$92.52
▼ Down from $104 peak

Markets are pausing for breath on Wednesday after a powerful two-day rally pushed the S&P 500 to within striking distance of its all-time high of 7,002. Futures are holding flat ahead of the open as investors weigh a packed earnings slate and watch U.S.-Iran diplomacy for the next catalyst.

Tuesday's session delivered broad gains — the S&P 500 rose 1.18% to 6,967, the Nasdaq surged 1.96% to 23,639, and the Dow added 0.66% to close at 48,536. A cooler-than-expected Producer Price Index reading for March helped fuel the rally, easing near-term inflation concerns. The Nasdaq is now on a 10-session winning streak, its longest run since 2021.

Key watch: A White House official confirmed a second round of U.S.-Iran negotiations is under discussion. Oil has pulled back sharply from its $104 peak to around $92.52 — welcome news for Canadian households facing elevated fuel and heating costs.

Today's earnings: Bank of America, Morgan Stanley & ASML

Bank of America and Morgan Stanley headline today's earnings calendar, alongside PNC Financial Services. Chip equipment giant ASML already posted strong quarterly results before the open, driven by intense AI-related demand — a positive signal for the broader tech sector heading into the rest of earnings season.

Morgan Stanley's chief investment officer Mike Wilson told CNBC this week that he believes market lows are in, pointing to a rotation back into pro-cyclical sectors as a sign that investors expect a constructive second half of 2026.

Canadian angle

For TSX investors, falling oil prices cut both ways — energy stocks may give back recent gains, but the broader inflation picture improves for Canadian consumers and the Bank of Canada. With the S&P 500 approaching record territory and the Nasdaq on a historic winning streak, sentiment heading into the Canadian session is cautiously optimistic.

Information is for general purposes only and does not constitute financial or investment advice. Market data may be delayed. Always consult a licensed financial advisor before making investment decisions. © 2026 MoneySavings.ca

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