Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Technical Glitch at Customs Kiosks Triggers Delays at Major Canadian Airports

Hundreds of passengers wait in line on their way to Canadian customs at Toronto's Pearson International Airport on Sunday night. Earlier that day, a nationwide technical issue shut down passport verification on ArriveCAN and automated kiosks at Canadian airports in major cities like Toronto, Montreal and Calgary.

Travellers at Toronto Pearson, Montreal-Trudeau, and Calgary International airports faced significant delays this weekend after a nationwide outage disrupted Canada Border Services Agency (CBSA) inspection kiosks.

The CBSA confirmed the outage was caused by an unforeseen technical issue during routine systems maintenance. As a result, passengers were redirected to manual processing lines, leading to longer-than-usual wait times at customs.

Airports issued advisories on social media, warning travellers to expect delays. Some arriving passengers were even held on aircraft until customs areas could accommodate them.

Officials emphasized that safety and security standards remained in place throughout the disruption. Border services officers continued verifying identities, processing declarations, and conducting additional screenings as required.

The CBSA said it is working closely with airport authorities to restore full service and apologized for the inconvenience. This marks the third such outage this year, following similar incidents in April and June.


Labels:

Comments

Post a Comment