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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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UN Warns Israel’s Gaza Food Aid Blockade Could Be a War Crime

The United Nations human rights office has issued a strong warning that Israel’s deliberate obstruction of food aid to Gaza may amount to a war crime. The statement comes amid ongoing reports of widespread hunger and a worsening humanitarian crisis in the besieged Palestinian enclave.

According to the UN, credible information indicates that Israeli authorities have systematically restricted the entry of essential supplies, including food and medical aid, into Gaza. “Wilfully impeding humanitarian relief supplies, in violation of international law, could constitute a war crime,” said Ravina Shamdasani, spokesperson for the UN High Commissioner for Human Rights.

The UN also pointed to mounting evidence of famine-like conditions in northern Gaza, exacerbated by Israeli military operations and bureaucratic hurdles that have blocked or delayed humanitarian convoys.

Israel has defended its policies by citing security concerns and the need to prevent aid from falling into the hands of Hamas. However, international organizations, including the World Food Programme and multiple NGOs, have warned that these restrictions are costing civilian lives.

The UN’s statement adds pressure on the international community to hold all parties accountable and ensure the free flow of humanitarian assistance into Gaza.

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