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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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Canadian MPs Urge Swift Action as Antisemitism Reaches Alarming Levels


Liberal MP Anthony Housefather, joined by 31 fellow caucus members, has issued a public call for urgent measures to combat what they describe as a “deplorable” and increasingly “normalized” rise in antisemitism across Canada. The statement follows a shocking incident in Ottawa, where a Jewish woman in her 70s was stabbed in a grocery store known for its large kosher section. Police have charged a 71-year-old man and are treating the attack as a hate-motivated crime.

The MPs’ letter cites a surge in hate crimes against Jewish Canadians, with Statistics Canada reporting 920 such incidents last year — the highest among all religious groups. The signatories are urging the federal government to implement recommendations from a House of Commons justice committee report, including increased funding for policing and prosecution of hate crimes, and swift changes to the Criminal Code to prevent intimidation outside places of worship, schools, and community centres.

Prime Minister Mark Carney condemned the attack as “senseless” and reaffirmed the government’s commitment to stand with the Jewish community against hate. The call to action comes ahead of Parliament’s return on September 15, with MPs framing the issue as a responsibility for all Canadians, institutions, and levels of government to address.


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