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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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Biscotti Recipe



These are classic, crisp, lightly sweet almond biscotti, perfect for dunking in coffee, tea, or hot chocolate. 

Ingredients

  • 2½ cups all-purpose flour
  • ¼ cup cornmeal
  • 1 teaspoon baking powder
  • 1 teaspoon salt
  • 1 teaspoon anise seeds, crushed
  • 10 tablespoons unsalted butter
  • 1⅓ cups sugar
  • 2 large eggs
  • 2 teaspoons vanilla extract
  • ½ teaspoon almond extract
  • 1¾ cups slivered almonds, chopped

Instructions 

1. Prep the oven

  • Preheat to 350°F.
  • Position racks in the upper and middle thirds.

2. Mix dry ingredients

  • Combine flour, cornmeal, baking powder, salt, and crushed anise seeds.

3. Cream butter & sugar

  • Beat butter and sugar until light and fluffy.
  • Add eggs, vanilla, and almond extract.

4. Combine

  • Add dry ingredients to the wet mixture.
  • Fold in chopped almonds.

5. Shape the dough

  • Form into two logs on a parchment-lined baking sheet.
  • Chill briefly if the dough is too soft.

6. First bake

  • Bake until lightly golden and set.

7. Slice

  • Let cool slightly, then slice diagonally into biscotti pieces.

8. Second bake

  • Lay slices cut-side down and bake again until crisp.


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