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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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Israeli Military Operation in Jenin: Six Dead, Dozens Wounded

In a significant escalation of tensions, a major Israeli military operation in the occupied West Bank city of Jenin has resulted in the deaths of at least six individuals and left dozens wounded, according to Palestinian health officials. The operation, which began on Tuesday, was described by the Israeli military as a "significant and broad military operation" targeting Palestinian militants.

The city of Jenin has been a focal point of repeated Israeli incursions and gun battles with militants over the years. This latest operation comes just days into a fragile ceasefire between Israel and Hamas in Gaza, which is intended to last for six weeks and includes the release of hostages and prisoners.

The Palestinian Health Ministry reported that more than 800 people have been killed in Israeli raids in the West Bank since the outbreak of the Israel-Hamas war. The operation has drawn condemnation from Hamas and other militant groups, who have called for increased resistance against Israeli forces.

The situation remains volatile, with ongoing violence and a complex political landscape. The international community continues to monitor the developments closely, hoping for a peaceful resolution to the conflict.







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