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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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Cloudflare Restores Services After Global Internet Disruption

 

                                    The latest outage prevented thousands of users from accessing popular platforms


A major outage at internet infrastructure provider Cloudflare disrupted access to thousands of websites and platforms worldwide on Tuesday morning, leaving users unable to connect to services such as X (formerly Twitter), ChatGPT, Canva, Grindr, and Spotify. The company, which manages roughly 20% of global web traffic, reported that the issue began around 6:40 a.m. ET due to an internal service degradation.

Cloudflare quickly identified the problem and deployed a fix, though some customers continued to experience intermittent issues as systems recovered. The outage triggered widespread 500 errors, failures in the Cloudflare Dashboard and API, and forced the company to temporarily disable certain services in the United Kingdom while remediation was underway.

The disruption highlighted the critical role Cloudflare plays in keeping the internet stable. Its network helps websites load faster and remain online by defending against traffic surges and cyberattacks. With shares dropping about 5% in premarket trading, the incident also underscored the financial impact of outages on infrastructure providers.

This event follows a similar disruption last month when Amazon Web Services (AWS) went down, affecting platforms like Snapchat and Reddit. The back-to-back outages raise concerns about the fragility of global internet infrastructure, where a single provider’s downtime can ripple across millions of users worldwide.

As of Tuesday afternoon, Cloudflare confirmed that services were gradually returning to normal, though users may still encounter occasional errors while the fix is fully implemented. The company continues to monitor its systems to ensure stability and prevent further disruptions.

In summary: The Cloudflare outage is easing, but the incident serves as a reminder of how dependent the digital world has become on a handful of infrastructure providers.

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