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Weekly Market Snapshot: TSX Recovers, BoC Holds Steady & Jobs Miss

  Week of May 4–9, 2026 | Canadian Money Brief It was a week of cross-currents for Canadian investors — geopolitical tension, a rate hold in Ottawa, a disappointing jobs print, and a market that ultimately found its footing heading into the weekend. Here's everything you need to know. TSX: A Wobbly Week With a Friday Bounce The S&P/TSX Composite had a rough mid-week stretch but clawed back lost ground by Friday. The index fell 0.4% to close at 33,857 on Thursday, as investors locked in recent gains ahead of Friday's U.S. and Canadian jobs data. By Friday morning, however, sentiment improved: the S&P/TSX gained more than 0.5%, trading back above 34,000, as markets assessed the North American labour backdrop and the outlook for Middle East energy supply. The week's volatility was largely geopolitics-driven. Markets came into the week focused on earnings, but oil and geopolitics stole the spotlight — pulling investors between a constructive earnings backdrop and...
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Trump's Remarks Stir Political Debate in Canada


In a recent interview with Fox News, U.S. President Donald Trump made waves by stating that he would prefer dealing with a Liberal government in Canada over a Conservative one. Trump described Conservative leader Pierre Poilievre as "stupidly, no friend of mine," citing negative comments Poilievre has made about him. Trump added that he finds it "easier to deal with a Liberal" and expressed indifference about the outcome of Canada's upcoming federal election.

Poilievre responded to Trump's remarks during a press conference in Sudbury, Ontario, emphasizing his strong leadership and commitment to putting Canada first. He criticized the Liberals, led by Prime Minister Mark Carney, for policies he claims have weakened Canada and driven investment south of the border. Poilievre framed Trump's comments as an endorsement of Carney, suggesting that Trump prefers a weaker Canada under Liberal leadership.

The exchange has sparked significant political discourse, with both parties using Trump's comments to bolster their narratives ahead of the election. The Liberal Party has seen a rise in polls since Carney assumed leadership, while Poilievre continues to position himself as a tough negotiator capable of standing up to Trump.

The remarks highlight the complex dynamics of U.S.-Canada relations and their influence on Canadian politics.

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