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Canada Stock Market Today: What to Know Before the TSX Open as Oil Shock Hits Banks, Miners

Canada Stock Market Today: What to Know Before the TSX Open as Oil Shock Hits Banks, Miners

Canada’s TSX index was set to open lower Monday, with futures down 0.92% after Brent crude touched $119.50 a barrel amid war involving Iran. The TSX had fallen 3.7% last week, its worst in over a month, as traders worried oil’s surge would fuel inflation. Wall Street futures dropped over 1%, and the VIX volatility index hit its highest since April 2025. Gold and base metals slipped, while financials faced scrutiny over condo appraisal practices.

Stock Market Today

  • Lean Hog Futures Drop Amid Lower USDA Slaughter Numbers
    May 16, 2026, 1:00 PM EDT. Lean hog futures declined between $1.02 and $1.85 on Friday, pressured by lower USDA national base hog prices and a reduced slaughter estimate. The USDA reported a national base hog price of $91.87 and a CME Lean Hog Index down 26 cents to $90.48 as of May 13. Pork carcass cutout value rose by 90 cents to $97.45 per hundredweight, with declines noted in belly and rib primals. Federally inspected hog slaughter was estimated at 464,000 head Thursday, down 37,000 from last week and 17,469 below the prior year. Market participants are watching supply impacts and cutout values amid these shifts.

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AT&T Stock Dips Again; Monday’s Test Seen as Key

AT&T Stock Dips Again; Monday’s Test Seen as Key

16 May 2026
AT&T shares fell 2.52% to $24.03 on Friday, capping a 4.5% weekly drop and underperforming Verizon and T-Mobile. The decline followed news of a planned joint venture with Verizon and T-Mobile to address rural wireless dead zones and the FCC’s approval of AT&T’s $23 billion spectrum purchase from EchoStar. Trading resumes Monday after the NYSE weekend closure.
Zoetis Drops to 52-Week Low, Monday Open in Focus

Zoetis Drops to 52-Week Low, Monday Open in Focus

16 May 2026
Zoetis shares closed at $74.22 Friday, down 1.67% after hitting a 52-week low of $72.38. The stock has dropped 33% since May 6, following weak first-quarter results and lowered 2026 guidance. U.S. companion animal sales fell 11%, and analysts cut price targets. The next NYSE session is Monday.
Medtronic Shares Near One-Year Lows as NYSE Open Looms After Friday Drop

Medtronic Shares Near One-Year Lows as NYSE Open Looms After Friday Drop

16 May 2026
Medtronic closed Friday at $76.15, down 1.07%, hovering just above its 52-week low of $74.40. The stock matched its previous week’s close after dipping to that low on Monday. Wall Street’s broader selloff weighed on shares ahead of Medtronic’s June 3 earnings report. The NYSE reopens Monday at 9:30 a.m. ET.
Babcock & Wilcox faces $200 million hurdle after 50% rally

Babcock & Wilcox faces $200 million hurdle after 50% rally

16 May 2026
Babcock & Wilcox Enterprises closed a $200 million common-stock sale at $18.50 per share, below Friday’s $21.85 close, adding 10.8 million new shares. The stock surged 50% for the week after first-quarter revenue rose 44% to $214.4 million and backlog jumped 483% to $2.7 billion. The offering is set to close Monday when the NYSE reopens.
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