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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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Catastrophic Floods in Valencia Claim Over 95 Lives

 

In a devastating turn of events, torrential rains have wreaked havoc in Valencia, Spain, resulting in the deaths of at least 95 people. The region experienced an unprecedented deluge, with a year’s worth of rain falling in just eight hours. This catastrophic weather event has been described as the worst natural disaster in Spain’s modern history.

The intense rainfall transformed streets into raging rivers, sweeping away cars and trapping residents in their homes. Emergency services have been working tirelessly to rescue those stranded and to recover the bodies of the deceased. Over 1,000 soldiers have been deployed to assist in the rescue operations.

The Spanish government has declared a state of emergency in the affected areas, with Prime Minister Pedro Sanchez expressing his condolences to the victims’ families and pledging support for the rebuilding efforts. The full extent of the damage is still being assessed, but the impact on the local communities is profound, with many homes and businesses destroyed.

As the region begins to recover from this disaster, the focus remains on finding the missing and providing aid to those affected. The resilience and solidarity of the Spanish people will be crucial in the days and weeks to come as they navigate the aftermath of this unprecedented flood.


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