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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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Gaza Strike Kills 15 as Trump Awaits Hamas Ceasefire Decision

At least 15 Palestinians were killed in an Israeli airstrike early Friday on a tent encampment near Khan Younis in southern Gaza, according to local health officials. The victims were reportedly displaced civilians, many of whom had been sheltering in the area due to ongoing conflict.

The strike comes as former U.S. President Donald Trump awaits a response from Hamas to what he has described as a “final proposal” for a 60-day ceasefire. Trump announced earlier this week that Israel had agreed to the terms of the deal, which would include a temporary halt to hostilities and negotiations toward a more permanent resolution.

Hamas has stated it is reviewing the proposal but has not yet indicated whether it will accept or reject the terms. Meanwhile, Israeli Prime Minister Benjamin Netanyahu has remained publicly silent on the ceasefire plan, though members of his coalition are reportedly divided on the issue.

The airstrike has drawn renewed attention to the humanitarian toll of the nearly two-year-long war, which has displaced millions and left over 57,000 Palestinians dead, according to Gaza’s health ministry. In Tel Aviv, families of hostages held in Gaza marked U.S. Independence Day with a symbolic Shabbat dinner protest, urging Trump to secure a deal that would bring their loved ones home.

As the region braces for Hamas’s decision, the latest violence underscores the fragile nature of the ceasefire talks and the urgent need for a resolution that prioritizes civilian lives.

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