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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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Tense Hours on Parliament Hill: East Block Lockdown Ends Peacefully

A lockdown on Parliament Hill in Ottawa concluded late Saturday evening after a man barricaded himself inside the East Block building. Ottawa police confirmed that the situation ended without incident, and the individual was taken into custody.

The lockdown began in the afternoon when the man gained unauthorized access to the East Block, which houses parliamentary offices. Authorities evacuated the building and cordoned off a significant stretch of Wellington Street, extending the exclusion zone to Sparks Street as the situation unfolded. Specialized units, including bomb disposal robots, were deployed to ensure public safety.

Ottawa police described the circumstances as "suspicious" but did not disclose whether the man was armed or had made threats. No injuries were reported during the incident. The East Block, known for its historical significance, was quiet due to Parliament being dissolved for the ongoing federal election.

The investigation remains active, and further updates are expected as authorities piece together the details of the incident.

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