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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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Escalating Tensions: Trump and Iran's Supreme Leader Exchange Threats Amid Nuclear Standoff

In a dramatic escalation of tensions, former U.S. President Donald Trump has reiterated his threat to bomb Iran if the nation does not agree to a new nuclear deal. This statement comes amidst a prolonged standoff over Iran's nuclear ambitions, which have been a point of contention since the U.S. withdrew from the 2015 nuclear agreement during Trump's first term.

Iran's Supreme Leader, Ayatollah Ali Khamenei, responded firmly, warning that any act of aggression would be met with a "strong reciprocal blow." He emphasized that Iran remains steadfast in its resistance to direct negotiations under what it perceives as the U.S.'s "maximum pressure" strategy.

The situation underscores the fragile state of international diplomacy, with both sides entrenched in their positions. While Trump continues to push for a new deal, Iran has significantly advanced its nuclear program, raising concerns among global powers.

This exchange highlights the ongoing volatility in U.S.-Iran relations, with potential implications for regional and global stability.

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