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

Typhoon Bualoi Leaves 19 Dead in Vietnam as Hanoi Battles Worst Flooding in Years

People watch as workers remove fallen trees and electric polls from a road after Typhoon Bualoi makes landfall in Nghe An province, Vietnam, September 29, 2025. 


Typhoon Bualoi has left at least 19 people dead and 21 missing after making landfall in northern central Vietnam, unleashing torrential rains, powerful winds, and widespread flooding across the country.

The storm, which struck late Monday, damaged more than 100,000 homes and inundated over 10,000 hectares of crops, particularly in Nghe An and Ha Tinh provinces. In Hanoi, relentless downpours turned streets into rivers, paralyzing traffic and forcing schools to close. Residents described water pouring into their homes, with some villages submerged up to roof level.

Authorities reported 88 injuries and warned of continued risks of landslides and flash floods as rainfall in some regions exceeded 300 millimeters in just 24 hours.

Bualoi had already claimed lives in the Philippines before hitting Vietnam, underscoring the growing intensity of storms in the region. With Vietnam facing up to 10 typhoons annually, officials fear more destructive weather could follow in the coming months.


Labels:

Comments

Post a Comment