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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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Qatar Suspends Gaza Ceasefire Mediation Amid Stalemate

 

 Qatar has decided to suspend its mediation efforts in the Gaza ceasefire negotiations, citing a lack of progress and commitment from both Hamas and Israel. This decision marks a significant setback in the ongoing efforts to broker peace in the region.

An official briefed on the matter stated that Qatar will not resume its role until both parties demonstrate a sincere willingness to negotiate in good faith. The official also mentioned that the political office of Hamas in Doha “no longer serves its purpose” under the current circumstances.

Qatar has been a key mediator alongside Egypt and the United States, working tirelessly to facilitate a ceasefire and the release of hostages held by Hamas. However, the latest round of talks in mid-October failed to yield any agreement, with Hamas rejecting a short-term ceasefire proposal.

The suspension of Qatar’s mediation efforts underscores the growing frustration with the stalled negotiations and the ongoing conflict in Gaza. It remains to be seen whether this move will prompt a renewed commitment from both sides to return to the negotiating table.


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