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TSX Rebounds, Nikkei Explodes 3.5% as Amazon's Blowout Quarter Offsets Apple's Stumble

  Friday July 31, 2026 It was a wild 24 hours on Wall Street, and the aftershocks are rippling across global markets this morning. Amazon soared and Apple sank in dueling earnings reports last night, Wall Street staged a furious rebound from Wednesday's Fed-fuelled selloff, and Japan's Nikkei is having one of its best sessions of the year. Here's what moved markets overnight and what it means for your money. 🇨🇦 TSX: Back in the Green The S&P/TSX Composite closed up 0.49% Thursday at 35,505.84 , adding back 172.06 points after Wednesday's pullback to 35,333.78 in the wake of the Fed's hawkish rate hold. Healthcare, materials and energy sectors led the gains, with advancers outnumbering decliners 576 to 375 on the exchange. Index Close Change S&P/TSX Composite 35,505.84 +0.49% Notable movers: Bausch Health surged over 28% on earnings, while Lightspeed Commerce fell 12.8% and Bombardier dropped 7.9%. Canadian Natural Resources and Fairfax Financial report af...
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Canadian Housing Market Enters Winter Hibernation: What You Need to Know

 


According to a recent news article, the Canadian Real Estate Association (CREA) has reported that home sales in Canada have slowed down in October, with a 5.6% decline compared to September. The article also mentions that both buyers and sellers appear to be holding off for the time being, with some sellers shelving their plans until next spring.

The causes of the slowdown are attributed to various factors, such as higher interest rates, tighter lending rules, rising home prices, and the impact of the COVID-19 pandemic on the economy and consumer confidence. The article also notes that some regions of British Columbia are starting to see softening in average home prices, while average home price declines are still uncommon throughout most of Canada’s major cities.

Despite the slowdown, the Canadian housing market remains active, with 33,921 homes sold in Canada in October, up 0.9% compared with the same month last year. The national average home price rose 1.8% year-over-year to $656,625.

If you’re planning to buy or sell a home in Canada, it’s advisable to keep an eye on the market trends and consult with a licensed real estate agent or mortgage broker. They can provide you with valuable insights and advice on how to navigate the current market conditions and make informed decisions.


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