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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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Back‑to‑Back Rail Disasters Leave Spain on Edge

                                  Wreckage of the high-speed train collision that occurred earlier this month

A commuter train derailed near Barcelona on Tuesday, killing the driver and leaving four passengers seriously injured, intensifying national concern only two days after a deadly high‑speed train collision elsewhere in Spain.

The derailment occurred in Gelida, a town just outside Barcelona, when a retaining wall collapsed onto the tracks during heavy rainfall. The impact forced several carriages off the rails, prompting a large emergency response involving firefighters, medical teams, and transport officials.

All passengers were eventually evacuated, though several required urgent medical attention. Authorities are now investigating whether structural weaknesses, recent storms, or maintenance lapses contributed to the collapse.

The incident comes at a moment of heightened scrutiny for Spain’s rail network, as the country grapples with two major accidents in less than 48 hours. Public pressure is mounting for a thorough review of infrastructure safety and emergency preparedness.


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