Canada’s stock market hit new record highs last week, while the loonie strengthened and economic data showed signs of life. But with inflation data, retail sales, AI stock pressure, and a major tariff deadline ahead, this rally could face a real test.

Canada’s TSX hit a record high after a surprise 2.6% GDP jump, but the details show weakening consumer demand and rising risks. With jobs data and Big Six bank earnings ahead, here’s what this means for your TFSA and year-end investing decisions.

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.