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TSX Rebounds as Oil Climbs and Canada’s Jobs Data Lands

  Friday, May 8, 2026  ·  Canadian Money Brief  ·  moneysavings.ca TSX Opens Higher After Thursday Dip Canadian stocks are staging a recovery Friday morning, with the S&P/TSX Composite climbing back after a rough Thursday. The index shed 0.4% to close at 33,857 as investors locked in recent gains ahead of U.S. and Canadian jobs data due Friday — with energy shares dragging it lower as oil pulled back. As of Friday morning, the TSX had recovered to around 33,932, up roughly 1.1% , following positive cues from Wall Street futures. Oil Back in Focus: Geopolitics Drive WTI Toward $96 WTI crude futures climbed toward $96 per barrel on Friday , recouping some of the week’s losses as fresh clashes between the U.S. and Iran threatened to derail diplomatic efforts to end the conflict. U.S. Central Command confirmed American forces intercepted Iranian attacks and carried out defensive strikes, while guided missile destroyers passed through the Strait of Ho...
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Unlocking Summer Travel Bargains: Tips and Deals

As the summer travel season heats up, travelers are eager to explore new destinations and make the most of their vacations. Whether you’re a backpacker, beachcomber, or globe-trotter, there are bargains waiting for you. Let’s dive into some tips and deals to help you plan your perfect summer getaway.

1. Be Flexible with Dates

Demand for European vacations is sizzling hot, leading to crowded cities and pricey hotel rooms. However, there are still deals to be found. If you can be flexible with your travel dates, book ASAP. Now is the sweet spot for snagging a good deal. Room rates in popular European cities like Amsterdam, Barcelona, Berlin, Dublin, London, Paris, and Stockholm have increased by around 10% for summer travel, but bargains exist if you act swiftly.

2. Gas Prices and Airfares

Good news for road warriors: Gas prices are lower than last year, with the national average currently at $3.45 per gallon. If you’re hitting the road for Independence Day, expect even more Americans to join you—AAA projects 70.9 million travelers on the highways, a 5% increase from last year. As for air travel, domestic airfare for the Fourth of July weekend is down 18% from last year, averaging $263 per ticket. So, add jumping on a plane to your list of Fourth of July pastimes.

3. Popular International Destinations

Paris is a top choice for international travelers, especially due to the Paris Olympics in July. However, Japan wears the crown as a year-round favorite. More than 57,000 flights are scheduled to take off from US airports, bringing an estimated 13 million Americans to destinations across Europe this summer.

In Summary

Summer travel bargains are out there if you act quickly and stay flexible. Whether you’re exploring Europe, road-tripping, or jetting off to exciting destinations, keep an eye out for deals. Happy travels!


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