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Weekly Market Snapshot: Records Everywhere as a Blowout Canadian Jobs Report Meets a Shock U.S. Loss

  August 8, 2026 A short, holiday-shortened week still managed to deliver record after record. The TSX, the S&P 500, the Nasdaq, and Europe's major indices all closed the week at or near all-time highs — even as Friday's jobs numbers told two very different stories on either side of the border. Here's everything that moved your money this week, and what to watch next. The Bottom Line The TSX capped its biggest weekly advance in about four months, closing Friday at a record 36,381.23 after Canada added a blowout 75,100 jobs in July (versus 17,800 expected). Wall Street also hit fresh records — but for the opposite reason: US employers unexpectedly cut 23,000 jobs, which markets read as reducing the odds of any further Fed rate hikes. Add in a fourth straight record close for European stocks, a wild swing in oil, and gold pushing toward US$4,400/oz, and it was a week where almost every major asset class ended up higher. 🇨🇦 Canada: TSX's Best Week Since April Canadia...
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Sabotage Disrupts France’s High-Speed Rail Network Ahead of Olympics

 

France’s high-speed TGV rail network has been targeted by malicious acts, disrupting some of the nation’s busiest lines just hours before the Paris Olympics opening ceremony. The state-owned railway operator SNCF reported that arson attacks were carried out to damage their facilities. These coordinated acts of malice have affected several high-speed TGV lines to the west, north, and east of Paris, leading to cancellations and queues at Gare Montparnasse station in the city. SNCF warns that the situation could persist for at least the entire weekend while repairs are conducted. Stay tuned for live updates as authorities investigate this disruption.

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