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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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Gaza Residents Return Home as Ceasefire Holds: A New Dawn in Northern Gaza

 

In a significant development, tens of thousands of Palestinians began streaming back to northern Gaza on Monday, January 27, 2025, following a breakthrough in hostage negotiations between Hamas and Israel. The ceasefire agreement, mediated by Qatari officials, has paved the way for the return of displaced residents to their homes.

The breakthrough came after Hamas agreed to release three Israeli hostages, including civilian Arbel Yehud, and Israeli forces began withdrawing from key corridors in Gaza. The first crossing point in central Gaza opened at 7:00 a.m. (0500 GMT), allowing residents to start their journey north. Another crossing opened three hours later, permitting vehicles to pass.

Residents, some carrying infants and bundles of belongings, walked along the coastal road by the Mediterranean Sea shore. "It's like I was born again and we were victorious again," said Umm Mohammed Ali, a Palestinian mother, as she joined the miles-long throng.

The return of displaced Gazans marks a moment of hope amid the prolonged conflict. "My heart is beating, I thought I would never come back," said Osama, a 50-year-old public servant and father of five, as he arrived in Gaza City. "Whether the ceasefire succeeds or not, we will never leave Gaza City and the north again," he added.

The ceasefire agreement also includes staggered releases of hostages over six weeks, with around 1,900 Palestinian prisoners expected to be freed in exchange. The humanitarian situation in Gaza remains dire, but the recent developments have brought a surge of aid into the war-torn region.

As families reunite and rebuild their lives, the hope for lasting peace and stability in Gaza grows stronger.


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