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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 Appeals to Religion, Harris Focuses on Jobs as Early Voting Surges

 

As the U.S. presidential election draws near, millions of Americans have already cast their votes, with early voting numbers reaching unprecedented levels. In this critical period, former President Donald Trump and Vice President Kamala Harris are making their final appeals to voters.

Trump, speaking at a National Faith Advisory Board event in Georgia, emphasized the importance of religion in America. "I think this is a country that needs religion," he stated, framing the election as a choice between faith-based values and what he described as a "new radical left group". His campaign, however, faced backlash over racist remarks made by a comedian at a recent rally, which the campaign has distanced itself from.

Meanwhile, Harris focused on economic issues during her campaign stop in Michigan. She visited Corning Inc's Hemlock Semiconductor facility, highlighting the importance of investing in manufacturing jobs. "When we can find a way to have meaningful partnerships with the private sector, everybody wins," she said. Harris has proposed policies to address inflation and housing challenges, contrasting her approach with Trump's economic leadership.

With early voting expected to account for a significant portion of the total ballots, both candidates are intensifying their efforts to secure votes in key swing states. The outcome of this election will hinge on voter turnout and the efficiency of the vote-counting process.

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