📰 Weekly Markets Brief | June 30 – July 6, 2025
Canada – Markets & Debt Developments
| Index | Weekly Change |
|---|---|
| S&P/TSX Composite | ▲ +1.29% |
| S&P/TSX 60 | ▲ +1.19% |
Market & Debt Highlights
- GoC Reopenings (3 Jul): Bank of Canada set to reissue 2027 – 1% and 2037 – 5% bonds — introducing long-term supply and adjusting curve positioning.
- Moody’s on ABCP (4 Jul): Affirmed the SOUND & SURE Trust rating — credit resilience remains steady in Canada’s commercial-paper market.
United States – Jobs Beat & Rate-Watch
| Index / Yield | Weekly Move | Note |
|---|---|---|
| S&P 500 | ▲ +1.72% | Payroll surprise lifts risk appetite |
| Nasdaq | ▲ +1.62% | Tech momentum persists |
| Dow Jones | ▲ +2.30% | Industrials lead gains |
| 10-Yr UST | ▲ 4.34% (+1.27bp) | Yields edge up on stronger data |
Market Highlights – U.S.
- Jobs Report: 147K jobs added in June (111K expected); most gains were in services, health, and education.
- Unemployment: Fell to 4.1% (prev. 4.3%), breaking a 3-month rise.
- Fed Outlook: Resilient labour data support “higher-for-longer,” but gradual cooling keeps late-year cut hopes alive.
Stocks in Focus
| Ticker | Weekly Move | Highlights |
|---|---|---|
| AAPL | ▲ +6.2% | Better iPhone sales in China and lower Vietnam tariffs. |
| ORCL | ▲ +11.5% | Huge cloud deal could add $30 billion a year. |
| BA | ▲ +6.6% | Wins $2.8B U.S. Space Force satellite contract (ESS program). |
Why It Matters
- Canada: Higher bond yields make mortgages pricier just as many loans come up for renewal, but Canada’s AAA rating and low debt load still attract investors.
- United States: Strong hiring keeps the economy steady and pushes bond yields up, yet tech and defense stocks keep leading the market even while everyone watches for the Fed’s next move.
