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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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Spain’s Wildfire Crisis Deepens: Second Firefighter Dies, Suspected Arsonist Arrested

 

                                        A wildfire burns in the outskirts of Abejera de Tabara, Zamora, Spain

Spain is reeling from one of its most devastating wildfire seasons in two decades, with tragedy striking again as a second volunteer firefighter lost his life in the northern province of León. The victim, 37-year-old Jaime Aparicio, suffered severe burns over 85% of his body while battling flames near Nogarejas, just days after his colleague Abel Ramos, 35, died in similar circumstances.

Authorities have arrested a man in Zamora province accused of deliberately starting a blaze that scorched 4,000 hectares, as well as another suspect in Málaga linked to six earlier fires. In total, ten people have been detained since June on suspicion of arson, with dozens more under investigation. Convicted offenders face up to five years in prison and heavy fines.

The fires, intensified by one of Spain’s longest heatwaves on record, have already destroyed about 148,000 hectares this year — more than a quarter of all land burned in the EU in 2025. Nearly two dozen blazes continue to rage, forcing the evacuation of around 9,500 residents and prompting Spain to request international assistance, including water-bombing aircraft from France.

As communities mourn their losses, the nation’s firefighters remain on the front lines, battling both the flames and the human actions that may have sparked them.

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