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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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Stocks Rise as Oil Slips Below $100 After Trump Extends Iran Ceasefire

North American markets opened higher this morning after President Trump extended the U.S.–Iran ceasefire, easing immediate geopolitical tensions and giving investors a reason to rotate back into risk assets.

Oil prices slipped below the key $100 threshold for the first time in several sessions, reflecting reduced fears of supply disruptions through the Strait of Hormuz. Brent and WTI both moved lower in early trading as traders unwound some of the geopolitical risk premium that had built up over the past week.

Equities responded positively, with major U.S. and Canadian indexes posting early gains. Tech, financials, and consumer stocks led the advance, while energy names lagged due to the pullback in crude.

For Canadian investors, the dynamic is mixed: lower oil prices weigh on the TSX’s resource-heavy sectors, but a calmer geopolitical backdrop supports broader market sentiment and reduces inflationary pressure tied to energy costs.


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