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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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Rubio Set for High‑Stakes Denmark Talks as U.S. Greenland Push Intensifies

                                        Danish troops in military drills in Kangerlussuaq, Greenland.

U.S. Secretary of State Marco Rubio is scheduled to meet with senior Danish officials next week as Washington continues to press its long-standing interest in Greenland. The upcoming talks come amid heightened diplomatic tension, with Denmark and Greenland seeking clarity on the United States’ intentions and urging more direct communication.

Rubio confirmed the meeting during remarks in Washington, emphasizing that the administration remains committed to diplomacy even as it maintains that Greenland is strategically important to U.S. national security. He offered no indication that the White House is reconsidering its position, signaling that President Donald Trump’s goal of expanding U.S. influence in the Arctic remains unchanged.

Danish leaders hope the discussions will ease strain between the two allies and address what they describe as misunderstandings driving the dispute. Greenlandic officials have also expressed frustration that much of the dialogue has unfolded through public statements rather than formal diplomatic channels.

The meeting is expected to focus on sovereignty concerns, Arctic security, and the future of U.S.–Danish cooperation as the debate over Greenland continues to evolve.


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