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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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Retirees Face Financial Strain as CPP Payment Increases Lag Behind Inflation in 2025

In 2025, retirees across Canada are feeling the pinch as the Canada Pension Plan (CPP) payment increases fail to keep pace with rising living costs. Despite a modest increase in CPP benefits, many retirees find that their purchasing power is eroding due to higher inflation rates.

The CPP payment adjustments for 2025 are based on the Consumer Price Index (CPI), which measures the rate of price change for goods and services. However, the 2.6% increase in CPP benefits falls short of covering the actual increase in living expenses faced by retirees. This discrepancy has led to growing concerns among retirees who rely heavily on their CPP payments for day-to-day expenses.

As a result, many retirees are finding it increasingly difficult to manage their finances, with some having to dip into their savings or cut back on essential expenses. The situation highlights the need for more robust measures to ensure that CPP payments adequately reflect the true cost of living for retirees.

In response to these challenges, financial experts are urging retirees to explore additional income sources and consider delaying CPP payments to maximize their benefits. While these strategies may provide some relief, the underlying issue of insufficient CPP increases remains a pressing concern for many retirees.

As the debate continues, it is clear that more needs to be done to protect the financial well-being of Canada's retirees in the face of rising living costs.




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