Canada’s stock market finished July higher, helped by strong energy stocks and better-than-expected GDP data. But with tech staying choppy, gold pulling back, and tariffs still creating pressure, August could bring new tests for Canadian 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.