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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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Market Watch: U.S. Stock Futures Hold Steady Amid Trade Talks

U.S. stock index futures remained subdued on Friday following a strong rally in the previous session. Investors are closely monitoring upcoming trade discussions between U.S. and Chinese representatives in Switzerland, which could shape market sentiment heading into next week.

The recent rally was fueled by a new trade agreement between the United States and Britain, sparking optimism that similar deals could ease global trade tensions. However, analysts caution that the limited scope of the agreement raises questions about its broader impact.

Meanwhile, Federal Reserve Chair Jerome Powell acknowledged heightened risks of inflation and unemployment, leaving markets in a wait-and-watch mode. At 5:36 a.m. ET, Dow E-minis were down 48 points (0.12%), while S&P 500 E-minis and Nasdaq 100 E-minis showed slight gains.

Investors will also be keeping an eye on corporate earnings, with notable movements in stocks such as Trade Desk, Pinterest, and Expedia in premarket trading. The outcome of the U.S.-China talks could set the tone for next week's market direction.


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