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 inflation surprised to the upside at 2.4%, sparking mid-week volatility before the TSX bounced back. But new U.S. tariffs and rising trade tensions add fresh risks. Here’s what it means for the economy and investors heading into late October.