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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

  • Cotton Futures Rebound After Early Limit Losses Amid Trade Uncertainty
    May 16, 2026, 10:21 AM EDT. Cotton futures fell sharply by 281 to 381 points by midday but showed a rebound from early limit losses. The US dollar gained 0.407 to 98.135, while crude oil rose $4.01 to $105.18. Market reaction was muted after a meeting between President Trump and China's President Xi, with Trump noting US farmers would be pleased with forthcoming trade deals. USDA data indicates US cotton export sales at 10.863 million running bales (RB), 97% of the forecast but below average pace. Export shipments lag with 71% of the forecast. Cotlook A Index rose 50 points to 96.65 cents per pound. ICE certified stocks increased by 6,670 bales to 193,114. The adjusted world price gained 228 points to 71.87 cents per pound.

Latest articles

UiPath shares up 6% ahead of earnings, traders look for what moves PATH next

UiPath shares up 6% ahead of earnings, traders look for what moves PATH next

16 May 2026
UiPath shares jumped 6.2% to $10.27 on Friday, outpacing a broader tech selloff that saw the Nasdaq drop 1.5%. The stock remains down 4.8% for the week, despite a late rebound. Investors are positioning ahead of UiPath’s May 28 earnings, with analysts expecting 13 cents per share on $397.5 million revenue. Friday’s trading volume reached 47.17 million shares, the highest of the week.
Berkshire Pushes Macy’s, Inc. Stock—What’s Next for Traders Before Monday

Berkshire Pushes Macy’s, Inc. Stock—What’s Next for Traders Before Monday

16 May 2026
Berkshire Hathaway disclosed a new stake of 3,038,355 Macy’s shares, worth about $55 million, in a May 15 filing. Macy’s stock rose 6.3% in after-hours trading after the news, following a 5.5% weekly drop. The company’s fiscal 2026 sales outlook remains below 2025 levels, with earnings guidance also lower. CEO Tony Spring described the environment as uncertain in March.
UnitedHealth Faces Monday Trading After Berkshire Sale and Friday Dip

UnitedHealth Faces Monday Trading After Berkshire Sale and Friday Dip

16 May 2026
Berkshire Hathaway disclosed Friday it sold its UnitedHealth stake in the first quarter, sending UnitedHealth shares down 1.31% to $393.85. After-hours trading pushed the stock to $375.46. UnitedHealth had gained 3.7% for the week before the disclosure. The NYSE will reopen for regular trading Monday at 9:30 a.m. ET.
Delta Stock Moves After Berkshire’s $2.65 Billion Stake

Delta Stock Moves After Berkshire’s $2.65 Billion Stake

16 May 2026
Delta Air Lines shares rose 3.2% to $72.45 in after-hours trading Friday after Berkshire Hathaway disclosed a 6.1% stake worth about $2.65 billion as of March 31. The filing showed Warren Buffett’s firm held 39.8 million shares, marking a return to the sector after selling airline stakes in 2020. Delta closed down 1.84% in the regular session. U.S. markets reopen Monday.
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