TSX Falls as Investors Book Gains and Energy Losses Weigh

2026-05-07 21:37 By Isabela Couto 1 min. read

The S&P/TSX Composite Index fell 0.4% to close at 33,857 on Thursday, as investors locked in recent gains ahead of US and Canadian jobs data due Friday.

Forecasts point to Canada adding 15,000 jobs in April, with the unemployment rate holding at 6.7%.

Energy shares weighed on the index as oil prices declined on expectations that a potential US–Iran agreement could lead to a gradual reopening of the Strait of Hormuz.

Canadian Natural Resources fell 2.1%, while Suncor lost 1.0%.

Technology stocks provided support, with Shopify rebounding 5.8% after steep losses earlier in the week.

Enerflex rose 5.5% after reporting stronger Q1 revenue, while Cascades slipped 2.4% on weaker-than-expected sales.

Nutrien dropped 7.5% despite higher quarterly profit.

Wheaton Precious Metals fell 2.1% before reporting record revenue, earnings, and cash flow after the close.



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