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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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Vietnam on High Alert as Typhoon Bualoi Forces Mass Evacuations and Airport Closures

 

A woman wearing a raincoat collects a plastic bag near a beach as Typhoon Bualoi nears, in Nghe An province, Vietnam, September 28, 2025.


Vietnam has evacuated tens of thousands of residents and suspended operations at four coastal airports as Typhoon Bualoi barrels toward its central provinces. The storm, packing winds of up to 133 km/h (83 mph), is moving at nearly twice the speed of an average typhoon, raising fears of widespread flooding, landslides, and storm surges.

Authorities in Ha Tinh province have relocated more than 15,000 people, while Da Nang and Hue are preparing to move over 240,000 residents to safer ground. Schools in affected areas have been closed, and fishing vessels ordered back to shore.

Heavy rains have already triggered flooding in Hue and Quang Tri, while strong winds have damaged homes and disrupted power lines. The Civil Aviation Authority confirmed that Da Nang International Airport and three others have been shut down, with flights rescheduled.

The storm comes just days after Typhoon Bualoi left dozens dead in the Philippines, underscoring the region’s vulnerability to increasingly severe tropical cyclones. With forecasts warning of up to 600 mm of rainfall in some provinces, Vietnam’s disaster response teams remain on high alert to prevent further casualties and damage.


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