Hopes of Iran reaching an agreement with the U.S. and reopening the Strait of Hormuz is driving the markets positive. The Energy sell off has eased, Brent Crude futures dropped to below $100 per barrel, reversing earlier gains.
S&P/TSX Composite Index has closed at at 33,981.82, up 1.24 percent on Wednesday.
Oil is sliding 5.13 points or 5.40 percent at $89.98 a barrel. Gold is surging 65.30 points or 1.36 percent at 4,58.80.
Gold Futures is gaining 64.50 points or 1.37 percent at 4,759.40, while Silver Futures are up 4.667 points or 6.04 percent at 81.995.
Crude oil futures is declining 4.85 points or 5.10 percent at $90.19 a barrel.
The U.S. dollar climbed against the Canadian dollar.
In the corporate sector, Enerflex (EFX.TO, EFXT) announced that the first quarter earnings increased to $43 million from $24 million, prior year. First quarter revenue was $584 million compared to $552 million
AtkinsRéalis Group Inc. (ATRL.TO) said on Thursday that it has inked a deal to acquire Coras Solutions Pty Ltd., an Australian defense and national security advisory consultancy services provider.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.