The most important stories from the week impacting your portfolio.

No dip in Dollarama shares. Budget retail remains robust, proven by Dollarama's Q2 earnings report. It saw sales grow over 20%, and profits increased to almost $180 million from $145.5 million year-over-year. Dollarama's earnings exceeded analysts' expectations, and the company attributes strong sales to high demand for lower-priced necessities.

Bank of Canada pauses its pause. All good things must end, like the central bank's temporary rate hike pause. The BoC raised its key benchmark interest rate to 4.75%—the highest since 2001. The 25-basis-point increase is an attempt to bring inflation down to a manageable 2% since "excess demand in the economy looks to be more persistent than anticipated." 

OPEC+ cuts more barrels. Expect gas prices to tick up this summer as oil producers plan to cut their output. Saudi Arabia announced it will decrease production to 9 million barrels per day (BPD) from the current 10 million, and OPEC+ has decided to extend voluntary cuts to output that were to end this year into 2024. Analysts say the cuts are intended to "defend a price floor."