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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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Farage Unveils £10 Billion ‘Operation Restoring Justice’ to Deport Small Boat Migrants

 

Protesters attend an anti-immigration demonstration, in Epping, England


Nigel Farage, leader of the Reform UK party, has announced a sweeping £10 billion plan aimed at what he calls “mass deportations” of asylum seekers arriving in Britain via small boats. Under the proposal, named Operation Restoring Justice, the UK would withdraw from the European Convention on Human Rights, overhaul domestic human rights laws, and bar such arrivals from claiming asylum.

The plan includes converting disused RAF bases into detention centres capable of holding 24,000 people, operating five deportation flights daily, and striking repatriation deals with countries such as Afghanistan and Eritrea. Farage also suggested British overseas territories like Ascension Island could serve as holding sites if other measures fail.

Critics warn the proposals would face significant legal and diplomatic hurdles, while supporters argue they are necessary to address what Farage describes as a “massive crisis” in Britain’s immigration system.


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