Canada – Debt, Mortgages & Stock Market
| Index | Weekly Change | Note |
|---|---|---|
| S&P/TSX Composite | ▲ 2.7% | Strongest weekly gain since September; led by financials & materials. |
| S&P/TSX 60 | ▲ 2.6% | Broad large-cap advance signals stronger confidence in leaders. |
Key News – Debt & Mortgages
- 10-Yr GoC Yield: Steady around 3.39% — a small dip that slightly eases market financing costs.
- Mortgage Renewal Wave (2025–26): ~60% of mortgages set to renew. Fixed-rate payments may rise ~10% (2025) and ~6% (2026) vs. Dec-2024; variable-rate borrowers could see ~5%–7% lower payments.
- Labour Data & Rates: July jobs –40,800 lifted odds of a September BoC cut from 33% → 38%, potentially easing credit and mortgage conditions.
- Rentals Cooling: Average asking rent in July fell 3.6% YoY to $2,121 — 10th straight monthly decline.
United States – Positive Markets, Mixed Services Data & Strong Tech Prints
| Index / Yield | Move | Note |
|---|---|---|
| S&P 500 | ▲ 2.43% | Tariff relief for tech/semis lifts sentiment |
| Nasdaq | ▲ 3.87% | Tech & chips lead |
| Dow Jones | ▲ 1.35% | Moderate industrial gains |
| 10-Yr UST | ▼ 4.28% | Yields rose over the week |
Weekly Highlights – U.S.
- Tariff relief for tech/semis: Firms committing to invest and manufacture in the U.S. get customs breaks — tailwind for sector stocks.
- S&P Global Services PMI (Jul): Up to 55.7 — fast expansion in services (finance, health, tourism).
- Bonds: 10-year yield climbed to 4.28% — markets price “higher for longer.”
Stocks in Focus – Quarterly Reports / Company News
| Ticker | Weekly Move | Headline |
|---|---|---|
| AAPL | ▲ +13.3% | Expanding U.S. manufacturing at scale; benefits from tariff relief and stronger domestic supply chains. |
| PLTR | ▲ +21.2% | Record quarter (~$1B revenue), large U.S. government deals; raised full-year guidance. |
| NVDA | ▲ +5.1% | New high; key partner for OpenAI’s GPT-5, growing hardware orders and potential perks for U.S. production. |
Why It Matters
- Canada: Yields dipped and rents cooled — supporting a BoC cut — but the 2025–26 renewal wave means many will face higher fixed payments. Budget ahead and compare fixed vs. variable.
- United States: Tariff relief boosts U.S. manufacturing and tech, but higher yields keep borrowing costs up. With services firm and AI leaders in front, markets stay data-dependent on the Fed.
