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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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Tragedy at Bondi Beach: Gunmen Attack Jewish Holiday Gathering

                                        Ten people were dead after a shooting at Sydney's Bondi Beach. 

A devastating attack unfolded at Sydney’s iconic Bondi Beach on Sunday evening, when two gunmen opened fire during a Jewish holiday event, leaving at least 11 people dead and nearly 30 others injured. The gathering, part of a Hanukkah celebration known as “Chanukah by the Sea,” drew hundreds of families and community members before being violently disrupted.

Authorities quickly declared the incident a terrorist attack, with one assailant shot dead by police and another taken into custody. New South Wales Police confirmed that among the wounded were two officers, highlighting the scale and chaos of the assault. Emergency services rushed victims to nearby hospitals, while bomb-disposal units investigated reports of possible improvised explosive devices near the scene.

Australian Prime Minister Anthony Albanese condemned the shooting as an “act of evil”, vowing that the country would stand united against hatred and violence. The attack has sent shockwaves through Australia’s Jewish community and reignited global concerns about rising antisemitic violence.

Witnesses described scenes of panic as families fled the beach, with some bystanders reportedly intervening to help subdue one of the attackers. Community leaders have called for solidarity and resilience, urging Australians to support those affected while rejecting fear and division.

The Bondi Beach tragedy marks one of the deadliest attacks in Australia in recent years, underscoring the urgent need for vigilance against extremist threats. As investigations continue, the nation mourns the lives lost and prays for the recovery of the injured.

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