The S&P/TSX Composite hovered just above the flatline near the 27,770 level on Friday, holding on to a weekly gain of over 2.8% as investors weighed mixed corporate earnings against mounting macroeconomic headwinds. Software giant OpenText led gains, surging over 8% after beating earnings forecasts despite softer overall sales and the impact of a major divestiture. Meanwhile, energy and mining heavyweights traded firmly in positive territory as oil and gold prices stabilized heading into the weekend. However, a steeper-than-expected 41,000 drop in July employment and a persistent 6.9% jobless rate have renewed concerns over domestic demand. Additionally, investors remain cautious amid escalating trade tensions, with President Trump’s newly imposed 35% tariff on Canadian aluminum and looming auto parts duties posing fresh threats to export-driven sectors.