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.

Markets closed last week hopeful that a U.S.–Iran peace deal will finally help unwind the shock to global energy markets seen this year, with equities hitting new record highs and bonds rebounding.

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

Stocks continue to climb despite rising rates.

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

As we know, markets this year have been robust. In fact, despite near 10% corrections in both the S&P 500 and Canadian TSX in March, and ongoing uncertainty around the Iran war and oil prices, stocks are back near all-time highs.

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

While geopolitics continue to dominate headlines, markets have increasingly refocused on underlying economic and earnings fundamentals, pushing U.S. equities to new record highs.

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.

Despite these lingering concerns, markets have rallied as investors increasingly price out downside risks from the conflict and refocus on still healthy fundamentals around growth and corporate earnings.

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.

A ceasefire between the U.S., Iran, and Israel has sparked hopes for a durable de escalation in this conflict, driving oil prices lower and triggering a sharp rebound in equity and bond markets.

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.