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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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Kremlin and Trump: Navigating Ukraine Peace Talks Amid Tensions

The Kremlin has announced ongoing efforts to collaborate with the United States on a potential peace settlement in Ukraine, despite recent tensions sparked by U.S. President Donald Trump's remarks about Russian President Vladimir Putin. Trump expressed frustration after Putin criticized Ukrainian President Volodymyr Zelensky's credibility, suggesting secondary tariffs on Russian oil buyers as a potential consequence.

Kremlin spokesperson Dmitry Peskov emphasized that Moscow remains committed to working with Washington to rebuild bilateral relations and explore ideas for resolving the Ukrainian conflict. While progress is reportedly being made, Peskov acknowledged the complexity of the process and the absence of concrete details at this stage.

Trump, who has positioned himself as a peacemaker, reiterated his desire to end the three-year conflict in Ukraine, warning of the risks of escalation into a global confrontation. Despite his disappointment with Putin, Trump expressed optimism about gradual progress in the negotiations.

The situation underscores the delicate balance of diplomacy required to address the ongoing crisis, with both leaders navigating their respective frustrations and aspirations for peace.

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