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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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Trump Signals Potential for Ukraine to Reclaim Land Amid Deepening Rifts with Allies at UN

In a recent statement, U.S. President Donald Trump suggested that Ukraine might be able to reclaim some of its territories occupied by Russia, though he acknowledged the challenges involved. Speaking during a meeting with French President Emmanuel Macron at the White House, Trump remarked, "You’re asking whether or not they [Ukrainians] could take back the land that they lost. And I say that yes, perhaps some of it, yes. But that’s not an easy thing to do".

This statement comes amid ongoing negotiations between the U.S. and Russia, which have notably excluded Ukraine from the discussions. The decision to exclude Ukraine has sparked backlash in Europe and Ukraine, with European leaders expressing concerns about being sidelined by the U.S. Macron has been actively rallying European counterparts to discuss security guarantees for Ukraine.

The situation has further strained relations between the U.S. and its European allies. French President Macron emphasized that peace must not mean the surrender of Ukraine, highlighting the importance of maintaining Ukraine's sovereignty and territorial integrity. The U.K. Prime Minister Keir Starmer is expected to visit Washington later this week to meet with Trump and discuss the ongoing conflict and potential resolutions.

As the negotiations continue, the international community remains watchful of the developments and the potential impact on the geopolitical landscape. The exclusion of Ukraine from the talks and the deepening rifts with European allies underscore the complexities and challenges of finding a resolution to the conflict.


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