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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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Rising Border Anxiety: Social Media Ads for Smugglers Flourish

As border anxiety continues to mount, a concerning trend has emerged on social media platforms like TikTok and Facebook: advertisements for smugglers offering illegal crossings from Canada into the United States. These ads, often targeting vulnerable migrants, promise safe passage for a hefty fee, despite the inherent dangers and legal consequences.

Recent investigations have revealed that smugglers are using social media to solicit migrants, particularly from Indian temporary residents in Canada, with promises of "safe" and "easy" crossings. These offers have become increasingly common, with some accounts boasting hundreds of thousands of followers. The U.S. Border Patrol has reported a record number of encounters with migrants at the Canadian border, highlighting the growing issue.

Authorities warn that these illegal crossings are not only prohibited by Canadian and American laws but also pose significant risks to the migrants involved. Tragic incidents, including drownings and hypothermia, have been reported along the northern border. Despite these dangers, the lucrative nature of human smuggling continues to attract organized crime networks.

Efforts to combat this issue are ongoing, but the widespread use of social media by smugglers makes it a challenging battle. As border anxiety grows, it is crucial for authorities and communities to work together to address the root causes of migration and provide safer alternatives for those seeking a better life.




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