Canada — Debt, Mortgages & Housing
| Index | Weekly Change | Quick Note |
|---|---|---|
| S&P/TSX Composite | ▼ –1.7% | Declines on tariff worries and global volatility. |
| S&P/TSX 60 | ▼ –1% | Pressure mainly on banks and industrials. |
Key News – Debt & Mortgages
- 10-Year GoC yield: Around ~3.5% → fixed mortgage rates remain high.
- Bank of Canada: Kept the policy rate at 2.75% (Jul 30) → variable mortgages unchanged for now; focus shifts to the September decision.
- Mortgage renewals 2025–26: About 60% will renew; most monthly payments likely up ~8–10% in 2025.
- Housing market: Supply is rising; fewer than 500,000 sales expected in 2025; prices relatively stable.
United States – Positive Markets, Mixed Services Data & Strong Tech Prints
| Index / Yield | Move | Note |
|---|---|---|
| S&P 500 | ▲ +0.94% | Steady inflation supported gains |
| Nasdaq | ▲ +0.81% | Tech led the move |
| Dow Jones | ▲ +1.74% | Industrials strengthened |
| 10-Yr UST | ▼ 4.32% | Small uptick in yields |
Weekly Highlights – U.S.
- Inflation (CPI): 2.7% in July — steady and slightly better than expected.
- Producer Prices (PPI): 3.3% — supply-side price pressure persists.
- Retail Sales: +3.92% YoY — still rising, but at a slower pace.
- Chip Tariffs: Talk of increases could raise costs for tech companies.
Stocks in Focus – Quarterly Reports / Company News
| Ticker | Weekly Move | Headline |
|---|---|---|
| AMZN | ▲ +3.75% | Expanding fresh-grocery deliveries; strengthens competition with big retailers. |
| UNH | ▲ +21.1% | Large Berkshire Hathaway purchase lifted sentiment. |
| LLY | ▲ +12.0% | Overseas price updates for Mounjaro supported growth. |
Why It Matters
- Canada: Steady GoC yields and a BoC hold give borrowers welcome breathing room — early planning for 2025–26 renewals can keep payments manageable, while Canada’s strong credit profile and active trade diplomacy support exporters and help keep credit spreads anchored.
