Canadian stocks may come under pressure Monday as crude oil prices continue to plummet on renewed expectations that OPEC will ramp up production.
OPEC and Russia will likely end their supply quota plan in the next few months, according to reports. Meanwhile, the U.S. shale boom is accelerating, with drillers adding the most rigs in a signle week since February.
In Canada, Kinder Morgan's Trans Mountain pipeline may proceed after a BC court dismisses environmental certificate challenges.
Crude oil futures have plunged near $66 a barrel from a 4-year peak near $73.
The TSX Composite Index fell four sessions in a row last week, stung by losses in the energy sector. Otherwise, the market was pretty resilient.
Weakness may tempered today by hopes that the U.S. and North Korea will instate their June 12 meeting in Singapore.
Bombardier (BBDB.TO) says it will build two new luxury aircraft.
Canadian regulators have halted the Corus Media sale of Historia and Series+ channels to Bell Media.
West Jet has averted a pilot strike as the employees agreed to a new contract.
European stocks rose modestly Monday on revived hopes of a U.S.-North Korea summit and the prospect of fresh elections in Italy.
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Market Analysis
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.