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Weekly Market Snapshot: TSX Notches a Fourth Straight Record, Loonie Hits an 8-Week High

  August 15, 2026 It was a record-setting week on Bay Street — four straight closing highs for the TSX, a fresh all-time high on Wall Street's S&P 500, and gold parked stubbornly above $4,300 an ounce. But Friday brought a reality check: soft U.S. retail sales data snapped the TSX's six-session winning streak, its longest since April, and pulled Wall Street off its records too. Underneath it all, the loonie quietly had its best week in months, and the clock on Canada's Aug. 19 tariff deadline is now down to single digits. Here's everything that moved your money this week, and what's on deck next. 🇨🇦 TSX: Four Records, Then a Friday Pullback The S&P/TSX Composite piled on top of last Friday's record close (36,381.23) with four more record finishes in a row — Monday through Thursday — before profit-taking set in Friday after a weak U.S. retail sales report soured the mood across North American markets. Day Close Change Mon, Aug 10 36,458.33 +0.2% (recor...
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Canada Adds Fewer Jobs Than Expected in October; Unemployment Rate Holds Steady

 

Canada’s job market showed signs of slowing down in October, as the country added fewer jobs than anticipated. According to Statistics Canada, the national unemployment rate remained unchanged at 6.5%.

The economy saw a modest increase of 15,000 jobs last month, falling short of economists’ expectations. This modest gain reflects ongoing challenges in the labor market, influenced by high interest rates and economic uncertainties.

Despite the job additions, the unemployment rate held steady, indicating that the labor market is still grappling with balancing job creation and economic pressures. The Bank of Canada has been closely monitoring these trends, especially as it aims to foster economic growth following recent interest rate cuts.

As the country navigates these economic conditions, the focus remains on creating sustainable employment opportunities and supporting workforce stability.


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