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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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Market Jitters: Stocks Slide as Trump Revives Tariff Threats

Wall Street faced renewed uncertainty as Dow Jones, S&P 500, and Nasdaq futures dipped following President Trump's latest tariff threats. Investors reacted cautiously to his remarks about imposing unilateral levies on trading partners, a move that could disrupt global trade dynamics.  

The Dow Jones Industrial Average edged down to 42,865.77, slipping 1.10 points from its previous close. The S&P 500 dropped 16.57 points, settling at 6,022.24, while the Nasdaq Composite fell 99.11 points to 19,615.88.  

Trump reiterated his stance on trade negotiations, stating that letters outlining tariff rates would be sent to trading partners within weeks. This announcement comes as the Federal Reserve prepares for its upcoming policy meeting, where officials will assess inflation trends and potential interest rate adjustments.  

Meanwhile, Boeing shares took a hit after reports of a deadly plane crash in India, adding to market volatility. Investors are also eyeing upcoming wholesale inflation data, which could provide further insight into economic conditions.  

With geopolitical tensions and trade uncertainties mounting, market participants remain on edge, awaiting further clarity on U.S. trade policy and its broader economic impact.

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