Edward Jones-Financial Advisor: Randy Payne

Last week's blowout U.S. payroll report underlined the improvement in the U.S. labour market this year, with hiring accelerating and broadening across sectors, signaling a more durable foundation for growth. Canadian employment data were also surprisingly strong, reversing some of the weakness in hiring this year.

Weekly market wrap How did the markets perform this week? Get the highlights and the latest economic news.

Earnings are in the driver’s seat. Strong and accelerating corporate profits are offsetting headwinds from higher energy prices, inflation pressures, and central bank uncertainty.

Weekly market wrap How did the markets perform this week? Get the highlights and the latest economic news.

Markets have rapidly priced out worst‑case risks, with easing oil pressures, stabilizing rates, and resilient earnings helping drive one of the fastest rebounds to new highs on record for the S&P 500.

Weekly market wrap How did the markets perform this week? Get the highlights and the latest economic news.

Markets in the U.S. and Canada rebounded last week on hopes of de‑escalation, but uncertainty remains: Early optimism that the Iran conflict may wind down fueled a relief rally, though uncertainty around a clear off-ramp and ongoing risks to the Strait of Hormuz keep volatility and oil prices elevated.

Weekly market wrap How did the markets perform this week? Get the highlights and the latest economic news.