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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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Russia Deploys Hypersonic Missile in Latest Strikes on Ukraine

Ukrainian rescuers work to extinguish a fire in a heavily damaged residential building following Russian drone and missile attacks in Kyiv early on Jan. 9.

Russia has launched a new wave of large‑scale attacks across Ukraine, including the use of a hypersonic ballistic missile, marking one of the rare occasions this advanced weapon has been deployed since the war began. The overnight barrage involved drones and multiple types of missiles, striking cities across the country and causing casualties in Kyiv.

Russian officials said the hypersonic missile was fired in response to what they described as a Ukrainian drone attempt on the Kremlin, a claim Ukraine and Western governments have dismissed. The missile reportedly targeted infrastructure in western Ukraine, where local authorities confirmed significant damage.

Hypersonic missiles travel at extreme speeds and are difficult for current air‑defense systems to intercept, raising renewed concerns about the evolving technological dimension of the conflict. The strike comes amid harsh winter conditions and ongoing discussions among Ukraine’s allies about long‑term security support.

Ukrainian leaders have condemned the attack and called for an urgent meeting of the UN Security Council, warning that the use of such weapons poses a growing threat to global stability.


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