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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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U.S. Forces Shift Toward Middle East as Trump Softens Tone on Iran

 

The state bank building burned during Iran's protests, on a street in Tehran, Iran, January 19, 2026

A new wave of American military assets is moving toward the Middle East, even as President Donald Trump adopts a more measured tone in his public comments about Iran. The deployments include naval and air defense elements positioned to reinforce U.S. interests in the region amid ongoing uncertainty surrounding Iran’s political climate and nuclear ambitions.

The decision to reposition forces follows weeks of heightened tension, during which Washington signaled a willingness to respond forcefully if Tehran escalated its activities. Recently, however, Trump has emphasized that he hopes to avoid direct conflict, framing the military movements as precautionary rather than provocative.

Despite the shift in rhetoric, the scale of the deployment suggests that the United States is preparing for a range of potential outcomes. Defense officials have indicated that additional assets could be sent if conditions deteriorate, underscoring the administration’s desire to maintain flexibility while keeping diplomatic options open.


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