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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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Qatar Suspends Gaza Ceasefire Mediation Amid Stalemate

 

 Qatar has decided to suspend its mediation efforts in the Gaza ceasefire negotiations, citing a lack of progress and commitment from both Hamas and Israel. This decision marks a significant setback in the ongoing efforts to broker peace in the region.

An official briefed on the matter stated that Qatar will not resume its role until both parties demonstrate a sincere willingness to negotiate in good faith. The official also mentioned that the political office of Hamas in Doha “no longer serves its purpose” under the current circumstances.

Qatar has been a key mediator alongside Egypt and the United States, working tirelessly to facilitate a ceasefire and the release of hostages held by Hamas. However, the latest round of talks in mid-October failed to yield any agreement, with Hamas rejecting a short-term ceasefire proposal.

The suspension of Qatar’s mediation efforts underscores the growing frustration with the stalled negotiations and the ongoing conflict in Gaza. It remains to be seen whether this move will prompt a renewed commitment from both sides to return to the negotiating table.


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