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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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Deadly Russian Airstrike Devastates Kyiv, Killing Four

In a harrowing overnight assault, Russian forces launched a barrage of missiles and drones on Ukraine’s capital, Kyiv, killing at least four people and injuring 20 others. The attack, which sent powerful explosions reverberating across the city, followed a warning from Russian President Vladimir Putin that Moscow would retaliate after Ukrainian drones destroyed several Russian strategic bombers.

Kyiv Mayor Vitali Klitschko confirmed the casualties, stating that 16 of the injured were hospitalized. The city’s metro system suffered disruptions after a Russian strike damaged train tracks between stations, further complicating rescue efforts. In the Solomianskyi district, a Russian drone slammed into an apartment building, leaving a gaping hole and crushing cars parked below.

Residents sought shelter in underground parking lots and metro stations as Ukrainian air defense systems attempted to intercept incoming threats. The Ukrainian air force reported that the country had been targeted with drones and missiles, with additional strikes hitting industrial facilities in the western city of Ternopil, leaving parts of it without power.

The attack comes amid escalating tensions between the two nations, with Ukrainian forces recently carrying out one of their most audacious strikes on Russian air bases using quadcopter drones. As the conflict intensifies, global leaders continue to push for diplomatic solutions, though peace remains elusive.



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