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Markets Mixed as TSX Dips and Nvidia Earnings Loom

Wednesday, May 20, 2026  |  moneysavings.ca / Canadian Money Brief 📊 At a Glance — Previous Close & Early Indicators (May 19) S&P/TSX Composite 33,741 ▼ 92 pts  (−0.27%) CAD / USD $0.7269 ▼ 0.10% WTI Crude Oil $103.84 ▼ 0.30% Gold (spot) Retreating ▼ Pressured Bitcoin (CAD) $105,426 ▼ 0.12% NVDA (pre-market) $229.96 USD ▲ Earnings today Canadian markets closed Tuesday in modest negative territory, with the S&P/TSX Composite edging down 92 points to 33,741 — weighed down by a retreat in gold prices and climbing bond yields, even as softer inflation data gave investors a brief moment of optimism. Canada's core inflation figures came in below expectations, falling to their lowest level in five years. While that should ordinarily calm nerves about future Bank of Canada rate hikes, traders largely looked past the headline, with yields on Canada's 10-year government bond continuing to climb. The disconnect between better inflation data and rising yields reflects a ...
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Russia Rejects Trump's Ukraine Peace Proposals

In a significant diplomatic development, Russian Foreign Minister Sergey Lavrov has rejected the peace proposals floated by President-elect Donald Trump's allies to end the ongoing war in Ukraine. Lavrov stated that Moscow has not received any official signals regarding a settlement in Ukraine but expressed dissatisfaction with the unofficial ideas being circulated. 

The proposals reportedly included delaying Ukraine's NATO membership for 20 years and stationing British and European peacekeeping forces in Ukraine. Lavrov emphasized the need for reliable and legally binding agreements that address the root causes of the conflict and prevent future violations. 

Trump, who campaigned on ending the war by the time he takes office, has not officially released any proposals to end the conflict. However, he has claimed that he could end the war within 24 hours of taking office. Despite these claims, Lavrov expressed skepticism about Trump's ability to restore ties between Russia and the U.S., citing the current bipartisan consensus on deterring Russia.

The rejection of these proposals marks a setback for Trump's hopes to freeze the conflict and highlights the complexities of achieving a lasting peace in the region.



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