Here’s a quick look at July:
Markets stayed strong in July as trade talks between the US and other countries gained momentum. Good economic data and solid US company earnings helped boost confidence.
Equities performed well:
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NASDAQ was up 3.7%
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S&P 500 rose 2.2%
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Canadian stocks (TSX) increased 1.7%
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International stocks dipped slightly
The tech sector led the way, with big companies like Nvidia, Microsoft, and Amazon driving much of the growth.
Currency & commodities:
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The US dollar strengthened against the Canadian dollar and other currencies, helped by trade deal news
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Oil prices rose about 6% but stayed in a steady range
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Bitcoin gained 8.3% following new US laws supporting cryptocurrency
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Gold dipped slightly but remains steady
Even though markets are near record highs, we are watching carefully. The full impact of tariffs isn’t clear yet, and the upcoming US mid-term elections could bring some uncertainty. Company earnings are still strong, but we’re keeping an eye on any signs of slower growth.
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