Canada avoided a technical recession as GDP rebounded and the Big Six banks beat earnings expectations. But tariff pressure, gold weakness, oil volatility, and renewed interest rate fears made the end of August choppy for investors.

Canada’s GDP came in stronger than expected, the TSX moved close to record highs, and softer U.S. jobs data eased rate fears. But AI stocks pulled back, CUSMA uncertainty returned, and investors are still watching for proof that the rally can continue.