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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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Wall Street Rallies Ahead of Key Earnings and Election

 


Wall Street closed higher on Monday, buoyed by investor optimism as markets brace for a crucial week of earnings reports from megacap companies and the final stretch before the November 5th presidential election.

The major U.S. stock indexes managed to recoup some losses from the previous turbulent trading week. This positive sentiment was further bolstered by the stability in energy supplies, despite recent geopolitical tensions in the Middle East.

Investors are particularly focused on the upcoming earnings reports from tech giants, which are expected to provide insights into the health of the economy and corporate profitability. Additionally, the approaching election adds another layer of anticipation, with market participants closely watching for any developments that could impact economic policies and market dynamics.

As the week progresses, all eyes will be on the performance of these megacap companies and the unfolding political landscape, both of which are likely to significantly influence market movements.


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