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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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Kremlin Signals Tougher Stance After Alleged Attack on Putin Residence

                                            President Vladimir Putin



Russia has warned that its negotiating position on Ukraine will harden after accusing Kyiv of attempting a drone strike on a residence associated with President Vladimir Putin. Moscow claims the alleged attack involved dozens of long‑range drones, all of which were intercepted before causing damage.

Kremlin officials framed the incident as a deliberate attempt to undermine ongoing diplomatic efforts. They argued that such actions leave “no room for flexibility” in future negotiations.

Ukraine has firmly rejected the accusation, calling it a fabricated pretext for further escalation. Ukrainian leaders argue that Russia is using the claim to justify intensifying military pressure and to shift blame for stalled peace discussions.

The exchange comes at a sensitive moment, with international mediators pushing for renewed dialogue. With Moscow now signaling a more rigid posture, the path toward meaningful negotiations appears increasingly uncertain.

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