Stock Market Recap: July Gains & the Big Questions for August
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.
GDP Rebounds, TSX Nears Records, and AI Stocks Pull Back
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.
AI Stocks Surge, Banks Deliver, and Canada’s Recession
May ended with mixed signals for Canadian investors. The TSX climbed, bank earnings looked stronger than expected, and AI stocks powered global markets higher. But Canada’s GDP report showed weakness, raising fresh questions about whether the economy is quietly slowing down.