Canada’s stock market hit another record high as the July jobs report came in much stronger than expected. Gold and mining stocks helped push the TSX higher, while tariff risks, weak services data, and inflation concerns remain key risks to watch.

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.

The TSX climbed +0.53% last week, with healthcare, telecom, and gold stocks leading the way. Investors now expect steady rates in September and a possible cut in October. All eyes are on Canada’s inflation report this Tuesday.