Welcome to the August edition of the Wealth Awesome newsletter. Thank you to the 17,000+ 🇨🇦 subscribers who join us today!

Market Update

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Summary

A Summer Sizzle: Housing, Oil, and Exports Lift Canada’s GDP

Canada’s economy showed early signs of recovery in July after a flat Q2, with GDP expected to rise 0.2%, surpassing StatsCan’s initial estimate.

Export and manufacturing volumes rebounded, oil output gained as Alberta recovered from wildfires, and housing resales climbed nearly 4%.

While employment fell sharply, hours worked held steady, and retail sales, though soft in July, are tracking a rebound in August.

The Bank of Canada remains cautious—further rate cuts depend heavily on upcoming trade, labour, and business sentiment data.

⏱ TLDR: Step by step, we are turning the cycle to the next phase.

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Key Takeaways 💡

1. Momentum returns: Stronger exports, manufacturing, and housing helped offset earlier Q2 weakness.

2. Policy crossroads: Future BoC cuts hinge on softer data; July’s rebound leaves decisions finely balanced.

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Canadian stocks over the last 30 days (end August - September 2025)

The TSX posted a broadly positive month, with gains across most sectors led by big banks and energy. Standouts included BMO (+12.78%), RY (+8.11%), BN (+7.37%), and CNQ (+5.57%), while Shopify (+5.91%) and TD (+5.92%) also added solid strength.

Oil-linked names like IMO (+6.93%) and SU (+5.05%) contributed to the rally, and financials saw consistent upside. On the downside, Thomson Reuters (-10.74%) and WCN (-5.46%) weighed, alongside modest weakness in CNI (-2.92%). Overall, markets leaned green, showing resilience despite pockets of softness in select industrial and information names.

30 Best ETFs in Canada (2025): 11 Diverse Categories

Canadian ETFs come in all shapes and sizes. It’s important to pick the best funds from the large sea of options. We will outline the best ETFs in Canada here.

wealthawesome.com/best-etf-canada

40 Best Stocks In Canada (Sep 2025): The Ultimate List

Choosing the best stocks in Canada is a tall order. There are over 1,600 companies listed on the TSX. It can be overwhelming to choose from all of these stocks.

wealthawesome.com/best-stocks-in-canada

6 Best TSX Index ETFs For Canadian Stock Exposure (2025)

Canadian equity indices are the S&P/TSX 60 Index and the S&P/TSX Composite Index. We will cover the 6 best TSX index ETFs below and outline some of their key features.

wealthawesome.com/best-tsx-index-etfs

Thats it for this month!

The Wealth Awesome Team

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