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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 Issues 10–15 Day Ultimatum to Iran Amid Rising Tensions

                               Ships during the joint Navy exercise of Iran and Russia in southern Iran

U.S. President Donald Trump has warned Iran that it must agree to a nuclear deal within the next 10 to 15 days or face what he described as “bad things,” escalating an already volatile standoff in the Middle East. The warning comes as the United States increases its military presence in the region and Iran signals it will retaliate against any attack.

According to multiple reports, Trump’s ultimatum is tied to renewed efforts to revive nuclear negotiations, which have stalled amid heightened military activity and diplomatic strain. The U.S. has deployed additional naval assets to the Middle East, while Iran has conducted joint drills with Russia and threatened to target American bases if provoked. 

Iranian officials have responded sharply, cautioning that any U.S. strike would make American military installations “legitimate targets.” In letters to the United Nations, Tehran emphasized its commitment to diplomacy but warned of severe consequences should Washington initiate hostilities. 

As the deadline approaches, international observers fear that miscalculation on either side could trigger a broader conflict. The coming days will likely determine whether the two nations move toward negotiation or confrontation.

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