SpaceX Soars as Canada’s Market Finds Its Footing 🇨🇦📈
Hope you had a fun weekend!
With the World Cup kicking off, it felt fitting that markets had their own back-and-forth week too.
The TSX bounced back, the Bank of Canada stayed patient, Dollarama scored with investors, and U.S. markets stayed choppy as tech weakness, Iran headlines, and the record-breaking SpaceX IPO all pulled investors in different directions.
Then over the weekend, peace deal headlines between the U.S. and Iran gave futures markets a boost and sent oil prices lower.
So the big question now is simple:
Are markets getting relief because risks are calming down, or is this just another short-term bounce?
Here’s your Finance Femster 🇫🇷⚽️🇨🇦 breakdown of the week that was: 👇
📈 Market Pulse: TSX Bounces Bank
🇨🇦 TSX Composite (34,937.85 | +1.5% for the week): Canada’s main index bounced back last week after the sharp pullback from the week before.
That marked its highest closing level since the record high reached on June 4. The rebound was helped by strength in metal mining stocks as copper prices rose, along with strong moves in parts of the consumer and financial sectors.
I.ethe TSX is not built the same way as the U.S. market.
The U.S. market is heavily driven by big tech names. Canada’s market is more tied to banks, energy, materials, and resource-linked companies. So even when tech is shaky, the TSX can still hold up if financials, materials, or consumer stocks are strong.
That’s what we saw last week.
The broader market was not perfect, but the TSX still had a strong week because key Canadian sectors helped carry the index.
💵 The Loonie: The Canadian dollar stayed under pressure, trading around the low 71cents USD range. Even when the TSX improves, the loonie can struggle if oil is weak, the U.S. dollar is strong, or investors are unsure about Canada’s growth outlook.
Simple takeaway:
The TSX bounced back because Canada’s market got support from the sectors it relies on most: materials, financials, and value-focused consumer names. But the loonie’s weakness is a reminder that investors are still cautious on Canada’s broader economy.
🏦 Bank of Canada: Still Playing the Waiting Game
The Bank of Canada held its key interest rate at 2.25% last week.
That was widely expected. The important part wasthe message.
The BoC made it clear that it does not want higher energy prices to turn into long-lasting inflation across the economy.
In plain English:
Gas prices may be painful, but the Bank does not want that pain spreading into everything else. That’s important because, if inflation starts spreading broadly, the BoC may have to sound more aggressive.
Instead, the Bank is choosing patience.
What this means for your money:
The BoC is not rushing to cut rates, but it also does not sound eager to raise rates unless inflation becomes stickier.
That means borrowing costs could stay higher for longer.
This is why the BoC’s wording matters almost as much as the decision itself.
Simple takeaway:
The BoC is watching, waiting, and trying not to overreact.
🇺🇸 U.S. Markets: Choppy Week, Big IPO, and Peace Deal Hopes
U.S. markets were choppy last week.
They started with some attempts to rebound, but the mood turned shaky again midweek as tech stocks weakened and U.S.–Iran tensions added more uncertainty.
On Wednesday, the major indexes dropped hard:
Dow: down 1.9%
S&P 500: down 1.6%
Nasdaq: down 2.0%
Chip stocks were still under pressure, and the S&P 500 technology sector entered correction territory, meaning it had fallen more than 10%from its recent high.
But then sentiment improved.
On Thursday, stocks rallied after President Trump said he had cancelled planned strikes against Iran and suggested a peace deal could come soon.
Over the weekend, the U.S. and Iran reached a preliminary peace agreement that is expected to reopen the Strait of Hormuz, one of the world’s most important oil shipping routes.
Markets reacted quickly:
Oil prices fell sharply
The U.S. dollar weakened
S&P 500 futures rose
Nasdaq futures jumped even more
What this means: Earlier in the week, investors were worried about war risk, oil prices, inflation, and tech weakness.
But once peace deal hopes improved, futures markets turned positive because lower oil can help reduce inflation pressure
Simple takeaway: U.S. markets were pulled between fear and relief. Tech weakness hurt stocks early, but peace deal hopes helped calm some of the inflation and oil fears heading into the new week.
🚀 SpaceX IPO: A Big Moment for Investor Excitement
One of the biggest U.S. market stories last week was the record-breaking SpaceX IPO.
SpaceX priced its IPO at $135 per share, raised $75 billion, and was valued at about $1.77 trillion at the IPO price.
By the end of its first trading day, the stock closed more than 19% higher, pushing the company’s value above $2 trillion.
That is a huge market debut.
What this means: Big IPOs can tell us a lot about investor confidence.
When investors are willing to put that much money into a high-growth company, it shows there is still excitement around innovation, AI, space, and future-focused businesses.
But it can also be a caution sign.
When excitement gets very high, expectations can become very high too.
Simple takeaway: SpaceX’s IPO showed that investors still have a strong appetite for big growth stories. But it also reminded us that hype and valuation matter… especially when markets are already sensitive to tech weakness and interest rate worries.
🛒 Dollarama: A Strong Reminder About the Canadian Consumer
One Canadian stock that stood out last week was Dollarama.
The company reported stronger-than-expected earnings as shoppers continued looking for lower-priced everyday items.
Dollarama reported:
Sales: about C$1.85 billion
Sales growth: up 21.4% compared to last year
Stock reaction: shares jumped about 9% after the results
What we learned:
Canadians are still watching their budgets closely.
When groceries, rent, gas, insurance, and everyday bills feel expensive, many shoppers look for cheaper options.
That helps explain why discount retailers like Dollarama can keep performing well, even when the broader economy feels uncertain.
Simple takeaway: Dollarama’s results show that value still matters. When consumers feel squeezed, businesses that help people stretch their dollars can stand out.
📝 Final Thought: The Bounce Was Real, But So Are the Risks
Last week’s market bounce was a reminder that markets can recover quickly when fear cools down.
The TSX rebounded. Dollarama impressed investors. U.S. futures got a boost from peace deal hopes. And SpaceX’s record IPO showed that investors still have an appetite for big growth stories.
But the big risks have not disappeared.
Canada’s economy is still not perfectly strong. The loonie is still under pressure. Oil can still swing quickly. Tech stocks are still sensitive. And the Bank of Canada is still stuck between inflation risk and slow growth.
So this is not the time to chase every market move.
It’s the time to understand what is driving them.
The lesson is simple:
Stay diversified.
Watch the data.
Keep your money plan bigger than the headlines.
Markets move fast, but your money plan should move with purpose.
And that starts with knowing your numbers.
If you’re trying to invest, save for a big goal, clean up your budget, or understand how these market moves affect your real life, my 1:1 strategy calls are designed to help you turn the noise into a clear plan for your TFSA.
You don’t need to understand every headline to make smart money moves.
You need a plan.
📲 Click here to book a 1:1 Investment Strategy Call
Stay calm, stay diversified, and keep compounding.
Cheers 💫
Your Wealth Coach,
Finance Femster