The TSX hit a record high this week, powered by Shopify and rising gold prices. But new data shows Canada’s economy may be slowing — PMI dropped below 50, and the dollar weakened. Here’s what investors should watch next.

July 2025 brought record TSX highs, a cautious Bank of Canada, weak U.S. job growth, and new tariff risks. Here’s the key news, what it means for your money, and the trends to watch heading into the fall.