Skip to main content

Featured

Shopify Just Pushed the TSX to a Record — Should You Be Buying, or Is It Too Late?

  Published August 6, 2026 If you glanced at the markets on Wednesday and saw the TSX hit another record high, there's a good chance one company did most of the heavy lifting: Shopify. The S&P/TSX Composite closed up 344.83 points, or 1%, at 36,146.42 on August 5 — its second straight record close. Shopify shares jumped 16.5%, their biggest one-day move in a year, after the Ottawa-based e-commerce company beat earnings expectations and issued a stronger-than-expected outlook for the rest of the year. Gold miners added to the rally too, as bullion prices climbed. What It Means for You: If you own a Canadian equity index fund or ETF in your RRSP or TFSA, you almost certainly own a slice of this move already — whether you meant to or not. What actually happened Shopify reported second-quarter revenue of $3.58 billion (U.S.), up 34% from a year earlier and well ahead of the roughly $3.45 billion analysts expected. Adjusted earnings came in at $0.42 a share versus the $0.40 expecte...
Post a Comment
Read more

article

Labels

Tax-Loss Selling Targets: A Look at Some Table-Pounding Buys

 


With the end of the year nearing, many investors are looking for ways to minimize their tax bill by applying tax-loss harvesting, the technique of selling investments that have lost value in order to offset capital gains and lower an investor’s tax burden. 

Tax-loss harvesting can help investors reduce their taxable income, diversify their portfolio, and take advantage of market fluctuations. 

However, one of the risks and limitations to consider is the wash-sale rule, which prevents investors from claiming a loss on a sale of an investment if they buy a substantially identical investment within 30 days before or after the sale. This rule is designed to prevent investors from artificially creating losses for tax purposes. 

 There are also some other risks to consider, such as transaction costs, and opportunity costs.

Here are three attractive buying opportunities for companies whose shares have experience downward pressure this year: Canadian Tire Corp. Ltd., TC Energy Corp., and Toronto-Dominion Bank are three companies that have suffered lower share prices due to tax-loss selling and represent compelling buying opportunities.


Labels:

Comments

Post a Comment