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Nvidia's Rally Fades as Markets Brace for Warsh's Jackson Hole Debut

  Friday, August 28, 2026 Wall Street closed out its best day since early August on Thursday, with Nvidia's blowout earnings sparking a broad tech rally. But Friday is a different mood: markets across Asia and Europe are treading carefully as everyone waits for U.S. Federal Reserve Chair Kevin Warsh to deliver his first Jackson Hole speech since taking the job. Here's where things stand heading into the weekend. 🇨🇦 TSX: Steady Near Record Territory The S&P/TSX Composite closed Thursday at 36,834.25 , up 20.60 points (+0.06%), recovering from a nearly 100-point midday dip. Financials were the drag — the Capped Financials sub-index fell 0.62% after National Bank's stock slid more than 4% following its Q3 earnings, capping off a bank-earnings week that otherwise ran hot (Scotiabank, BMO, RBC and CIBC all posted double-digit profit growth). Energy stocks offset the weakness, with the Capped Energy Index up 0.82% as oil firmed. Index Close Change S&P/TSX Composite 36,8...
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U.S. Economy Ends 2023 with Strong Job and Wage Growth


The U.S. economy added 312,000 jobs in December, beating analysts’ expectations and marking the biggest monthly gain since February. The unemployment rate rose slightly to 3.9%, but for a positive reason: more people entered the labor force, looking for work.

The labor market also showed signs of strength in wage growth, which increased by 3.2% over the year, the fastest pace since 2009. This suggests that employers are competing for workers and offering higher pay to attract and retain them.

The strong job and wage numbers cap off a solid year for the U.S. economy, which grew by an estimated 3% in 2023, the highest rate since 2015. However, some challenges remain, such as the ongoing trade tensions with China, the partial government shutdown, and the volatility in the stock market.

The Federal Reserve, which raised interest rates four times in 2023, is expected to continue its gradual tightening of monetary policy in 2024, but may adjust its pace depending on the economic data and the market conditions.



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U.S. Job Growth Exceeds Expectations in December, Wages Rise Solidly

According to the Bureau of Labor Statistics, the U.S. economy added 514,000 jobs in December, exceeding expectations. The unemployment rate fell to 3.9%. The report also showed that wages rose solidly, with average hourly earnings increasing by 0.5%. This is a positive sign for the U.S. economy, which has been recovering from the pandemic.

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