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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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Kanye West’s South Korea Concert Canceled Amid Controversy

Kanye West’s highly anticipated concert in South Korea, scheduled for May 31 at Incheon’s Munhak Stadium, has been officially canceled. The event organizers, South Korean e-commerce company Coupang and ticket outlet Interpark, announced the decision on Monday, citing “recent controversies involving the artist”.

The cancellation follows backlash over West’s latest song, *Heil Hitler*, which has been widely criticized for its glorification of the Nazi leader. The track was swiftly removed from major streaming platforms, including Spotify and SoundCloud, but continued to circulate on social media. Additionally, West’s recent public appearances, including an interview where he wore a Ku Klux Klan outfit, have further fueled outrage.

In response to the controversy, Coupang has also suspended the sale of Yeezy merchandise, effective May 19. All purchased tickets for the concert will be fully refunded.

West has faced repeated criticism for his inflammatory remarks and actions, leading to severed partnerships with major brands such as Adidas, GAP, and Balenciaga in recent years. The cancellation of his South Korea concert marks another significant fallout from his ongoing controversies.

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