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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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Wall Street Poised for Higher Open Ahead of Fed Decision


U.S. stock futures are pointing to a higher open on Wednesday as investors gear up for the Federal Reserve's upcoming decision on interest rates. The Dow Jones Industrial Average, S&P 500, and Nasdaq futures are all showing gains, indicating a positive start to the trading day.

Market participants are eagerly awaiting the Federal Reserve's announcement, with many expecting a quarter-percentage point cut in the federal funds rate. This anticipated move comes as the Fed aims to support a slowing job market while keeping inflation in check.

Investors are also keeping an eye on the Fed Chair Jerome Powell's remarks following the decision, as his comments could provide further insights into the central bank's future monetary policy direction.

The premarket optimism follows a week of mixed economic reports and comes ahead of the Fed's last meeting of the year. Analysts believe that a series of rate cuts could help boost the economy and support investment prices, although there are concerns about potential inflationary pressures.

As the market awaits the Fed's decision, all eyes will be on how the central bank navigates the delicate balance between fostering economic growth and maintaining price stability.



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