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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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Afghanistan Quake Tragedy Deepens as Aid Shortages Threaten Survivors

A man tries to clear rubble of a collapsed house on Wednesday after a powerful earthquake struck eastern Afghanistan on Sunday.

A devastating series of earthquakes has left Afghanistan reeling, with the confirmed death toll climbing to 2,205 and more than 3,600 injured. The first tremor, a magnitude 6.0 quake, struck the eastern provinces of Kunar and Nangarhar on Sunday, flattening villages and destroying over 6,700 homes. A second quake of magnitude 5.5 on Tuesday compounded the destruction, triggering landslides that cut off access to remote communities.

Survivors, many now homeless, face mounting challenges as aid agencies warn of dwindling resources. The United Nations estimates that up to 84,000 people have been directly or indirectly affected, with thousands displaced. Relief efforts are hampered by rugged terrain, unstable ground from heavy rains, and a severe funding shortfall. The World Food Programme has resources to support survivors for only four more weeks, while the World Health Organization reports a $3 million funding gap for essential medical supplies.

Humanitarian groups describe the disaster as a “crisis within a crisis” for a nation already struggling with economic hardship, climate impacts, and the return of millions of displaced citizens.


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