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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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Canada Goes Bargain‑Hunting: Massive Boxing Day Sales Sweep the Nation

 



Boxing Day has once again lived up to its reputation as Canada’s biggest shopping event of the year, with retailers across the country rolling out some of their steepest discounts. From early‑morning lineups at major malls to record online traffic, Canadians are diving head‑first into deals that span tech, fashion, home goods, and more.

Major retailers like Best Buy, Walmart, Canadian Tire, and Lululemon are offering deep markdowns, with some items slashed by as much as 70–90%. Electronics remain the star attraction — laptops, TVs, gaming consoles, and smart home devices are among the fastest‑selling categories. Meanwhile, winter apparel and home essentials are seeing a surge as shoppers take advantage of rare seasonal price drops.

Online shopping continues to dominate, with many Canadians opting to skip the crowds and shop from home. Retailers have responded by extending their digital sales, offering free shipping incentives and limited‑time “doorcrasher” deals throughout the day.

Despite the excitement, experts note that this year’s Boxing Day is also shaped by cautious spending. Many shoppers are prioritizing essentials or waiting for the best possible discounts before committing. Still, early indicators suggest strong turnout both in‑store and online.

Whether hunting for a big‑ticket upgrade or stocking up on everyday items, Canadians are making the most of one of the most anticipated shopping days of the year — and the deals show no signs of slowing down.

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