Key Canadian Market Indexes
| Index / Yield | Move | Note |
|---|---|---|
| S&P/TSX Composite | ▲ +0.8% | Sixth straight weekly gain; closed near 29,283 on rate-cut expectations |
| S&P/TSX 60 | ▲ +0.7% | Large caps advanced, led by financials and energy |
Canada — Debt, Mortgages & Markets
- Unemployment up: Jobless rate rose to 7.1% in August with about 65.5K jobs lost (mostly part-time) → markets now price in an almost certain BoC cut on Sep 17.
- Bond yields lower: Weak labor data pushed GoC yields down → slight relief in funding costs and 5-yr fixed mortgage quotes.
- Macro pressure: U.S. import tariffs weigh on exports and manufacturing; growth slowing even in services.
United States — Weekly Wrap
| Index / Yield | Move | Note |
|---|---|---|
| S&P 500 | ▲ +1.59% | Modest gain |
| Nasdaq | ▲ +2.03% | Tech strength |
| Dow Jones | ▲ +0.95% | Broad advance |
| 10-Yr Treasury | ▼ 4.06% | Yields softer |
Macro
- CPI (Aug): 2.9% YoY — sticky inflation keeps pressure on rates.
- U. Michigan expectations: 4.8% — households still expect higher prices ahead, making inflation harder to cool.
Stocks in Focus
| Ticker | Move | Headline |
|---|---|---|
| ORCL | ▲ +25.5% | AI cloud guidance surged, mega OpenAI deal, record backlog outweighed slight revenue miss |
| TSLA | ▲ +12.8% | Launched Megablock for grid storage; faster installs and lower costs highlight growth beyond autos |
Why It Matters
- Canada: Lower yields and expected rate cuts can ease mortgages and funding costs — key ahead of the 2025–26 renewal wave — but U.S. tariffs still pressure exports.
- United States: Falling yields and tech strength support the market, yet sticky inflation keeps the Fed data-dependent, so each new release can move prices.
