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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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Unity and Festivity: Muslims Celebrate Eid al-Fitr Across the Globe


Eid al-Fitr, the "Festival of Breaking the Fast," marks the end of Ramadan, a month of fasting, prayer, and reflection observed by Muslims worldwide. This joyous occasion, often lasting for three days, is celebrated with a variety of customs that unite families, communities, and cultures.

Beginning with a special prayer known as Salat al-Eid, millions gather in mosques and open spaces to give thanks to Allah for strength and blessings during Ramadan. The day is filled with generosity as people exchange gifts, donate to charities, and share meals with loved ones and the less fortunate. Homes are filled with the aroma of traditional dishes, and children revel in festivities, wearing new clothes and receiving treats.

Eid al-Fitr is not only a religious celebration but also a moment to bridge gaps, foster unity, and embrace cultural diversity across the Muslim world. The warmth and inclusiveness of the celebration resonate globally, showcasing the rich traditions and universal values of compassion and gratitude. 

 

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