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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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Frozen Nation: Communities Brace as Arctic Blast Slams the U.S.

A powerful winter storm has swept across large portions of the United States, plunging millions into dangerously low temperatures and leaving entire neighborhoods in the dark. From the Midwest to the Northeast, residents are hunkering down as the system delivers blizzard conditions, icy roads, and widespread power outages.

Meteorologists describe the storm as one of the most intense cold snaps in recent years, with wind chills in some regions dropping far below zero. Emergency crews are working around the clock to restore electricity, clear roads, and respond to weather‑related emergencies. In several states, warming centers have opened to support vulnerable residents facing prolonged outages.

Travel has been severely disrupted, with hundreds of flights canceled and major highways temporarily shut down due to whiteout conditions. Officials continue urging people to stay indoors, conserve energy, and check on neighbors—especially the elderly and those living alone.

Despite the challenges, communities are showing resilience. Volunteers are delivering blankets, food, and portable heaters, while local shelters report an outpouring of donations. As the storm slowly moves eastward, forecasters warn that frigid temperatures will linger, making the next few days critical for safety and recovery efforts.



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