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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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Runway Chaos at Toronto Pearson: Delta Flight 4819 Flips, 18 Injured

 

Delta Connection Flight 4819—a Bombardier CRJ900 operated by Endeavor Air—crashed during landing at Toronto Pearson International Airport on Monday amid challenging winter conditions. The jet touched down amid gusty winds and lingering snowfall before losing control and flipping onto its roof. All 80 passengers and crew survived the dramatic incident, although at least 18 people sustained injuries, including one critically injured child and two adults who required air ambulance transport to local hospitals. 

Emergency response teams swiftly evacuated everyone from the overturned aircraft, and airport operations were temporarily suspended while investigators from the Transportation Safety Board of Canada and the U.S. National Transportation Safety Board began probing the incident. 

Delta Air Lines expressed relief that no lives were lost and extended thanks to first responders on site. The airline’s incident response team has been deployed to assist those affected, as the investigation continues to determine whether the severe weather or other factors contributed to the loss of control during landing. 


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