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Weekly Market Snapshot: TSX Holds Near 34,000 as Banks Rally and Loonie Slips

Canadian Money Brief  ·  May 16, 2026  ·  moneysavings.ca Canadian markets closed another turbulent week navigating Middle East tensions, a high-stakes U.S.–China summit, and fresh inflation signals from south of the border. Here is everything Canadian investors need to know right now. S&P / TSX 34,267 ▲ +0.67% (Thu) USD / CAD 1.37 ▼ Loonie under pressure BoC Rate 2.25% ● On hold Canada CPI (Mar) 2.4% ▲ Up from 1.8% WTI (CAD) ~$140 ▲ Near multi-year high 📈 TSX Equities: Banks Lead, Outliers Steal Headlines The S&P/TSX Composite Index traded near the 34,000 mark all week, closing Thursday at 34,267 — a gain of 0.67% on the session and up a remarkable 32.32% compared to the same time last year. The broad gains came as investors watched the highly anticipated summit between U.S. President Donald Trump and Chinese President Xi Jinping, with Trump describing the talks as "extremely positive and constructive." Canada's big banks were the week's standout performer...
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Winter's Dawn: Celebrating the Solstice

The Winter Solstice, which occurred on December 21st, marks the shortest day and longest night of the year, signaling the official start of winter. Mary Walrath-Holdridge and Julia Gomez from USA TODAY explore the significance of this astronomical event and how it is celebrated across different cultures.

The solstice, occurring when the North Pole is tilted furthest away from the sun, brings the least amount of daylight and the longest night. This year, the solstice fell on December 21st at 4:21 a.m. EST, marking the astronomical beginning of winter in the Northern Hemisphere.

Historically, the Winter Solstice has been a time of celebration and reflection. Ancient civilizations, such as the Romans with their Saturnalia festival and the Norsemen with their bonfires, honored the return of the sun and the promise of longer days ahead. Today, people continue to observe the solstice with various traditions, including gatherings, feasts, and rituals that pay homage to the natural cycles of light and darkness.

The Winter Solstice also serves as a reminder of the delicate balance in nature and the promise of longer days to come. As we embrace the winter season, it’s a perfect opportunity to slow down, find warmth in the company of loved ones, and cherish the cozy moments that this time of year brings.

No matter how you choose to observe this day, the Winter Solstice invites us all to reflect on the passing year and set intentions for the new one. So, light a candle, sip on some hot cocoa, and embrace the magic of winter's arrival.




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