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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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Trump Questions Pahlavi’s Prospects, Criticizes Zelenskiy Over Ukraine Stalemate

        President Trump during his 30 minute interview with Reuters White House correspondent Steve Holland

Former U.S. President Donald Trump cast doubt on the political future of Iran’s exiled opposition figure Reza Pahlavi while also assigning blame to Ukrainian President Volodymyr Zelenskiy for the ongoing deadlock in the war with Russia.

In recent remarks, Trump said he was unsure whether Pahlavi — the son of Iran’s last shah — could genuinely unite Iranians if the current government were to fall. He described Pahlavi as personable but questioned whether he could command broad support inside the country, noting the fractured nature of Iran’s opposition movements.

Trump also suggested that Iran’s ruling system could eventually collapse under internal pressure, though he refrained from endorsing any particular successor or political path forward.

Turning to Ukraine, Trump argued that Zelenskiy bears responsibility for the lack of progress in negotiations with Russia. He claimed that Kyiv’s approach has contributed to the prolonged stalemate, adding to the already tense debate over how the conflict should be resolved.

The comments highlight Trump’s skepticism toward both Iran’s opposition leadership and Ukraine’s wartime strategy, injecting fresh controversy into two of the world’s most sensitive geopolitical crises.

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