The S&P/TSX Composite Index rose 0.2% to surpass the 28,100 mark for the first time on Friday, supported by strength in energy producers as investors assessed economic data and the implications for future Bank of Canada policy. Canadian Natural Resources, Suncor, Imperial Oil, and Cenovus outperformed with gains of 1% to 5% as the oil market reacted to pressure on India from US tariffs, while financials also traded firmly in positive territory. In contrast, major mining equities and technology stocks traded lower. On the economic front, Canadian retail sales are projected to have fallen 0.8% in July 2025 from the prior month, which would mark the second sharpest decline in over a year and underscoring retail volatility as uncertain US trade policy weighed on consumer behavior. Meanwhile, expectations broadly held for a dovish Federal Reserve stance in September. For the week, the Toronto exchange was on track for a 0.7% advance.