Company Overview: Telesat Corporation (TSX: TSAT) is a Canada-based global satellite operator that provides mission-critical communications solutions to support the needs of sophisticated satellite users worldwide. The company delivers advanced satellite connectivity services through its fleet of geostationary satellites and next-generation Telesat Lightspeed™ low Earth orbit (LEO) satellite network, targeting enhanced broadband connectivity and enterprise communication solutions. Profound Medical Corp. (TSX: PRN) is a commercial-stage medical device company specializing in innovative interventional MRI (iMRI) technologies. Its flagship platform, TULSA-PRO®, is an MRI-guided, incision-free prostate tissue ablation system designed to provide precise, customizable treatment for prostate diseases while minimizing damage to surrounding healthy tissue. This Report covers the Price Action, Technical Indicators Analysis along with the Stop Loss Levels, Target Prices, and Recommendations on these two stocks.

Canada Market Round-Up

The S&P/TSX Composite Index ended the week on July 31, 2026, on a weaker note, declining 142.96 points (0.40%) to close at 35,226.14. Despite the modest pullback, the broader technical outlook remains constructive, with the index continuing to trade comfortably above its rising trendline and 50-day Simple Moving Average (SMA), which continue to act as key dynamic support levels and reinforce the prevailing medium-term bullish trend. Momentum indicators remain supportive, with the weekly 14-period Relative Strength Index (RSI) holding at 64.96, indicating sustained buying momentum while remaining below overbought territory, suggesting further room for upside potential. Looking ahead, the index faces immediate resistance near 35,930.66. A decisive breakout above this level could strengthen bullish sentiment and support further upward movement. On the downside, immediate support is placed around 34,521.62, where buyers may continue to emerge on declines. However, a sustained break below this support zone could weaken the current technical structure and increase the probability of a deeper correction or extended consolidation. Overall, the medium-term outlook remains positive as long as the index maintains its position above key support levels, the rising trendline, and the 50-day SMA.

On the macro front, the upcoming major economic events that may impact the Canadian market sentiment include CA Employment Change, US Non-Farm Employment Change and US Unemployment Claims.

Past performance is not a reliable indicator of future performance.