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

Real Estate Receiverships on the Rise: A Consequence of Elevated Interest Rates and Construction Costs

 


According to a recent report by The Canadian Press, real estate development projects across Canada are increasingly being pushed into receivership due to elevated interest rates, construction costs and delays, and a slower real estate market. Receiverships are a way for secured lenders to have the court appoint someone to take control of the property and either liquidate it or otherwise maximize the value of the assets. While often thought of as a last resort, experts have seen an increase in receiverships as bigger construction projects with multiple mortgages and parties involved start to run into trouble.

From one of Canada’s tallest condo towers to bare tracts of land, residential development projects across the country are facing financial stress. Smaller developers are finding it hard to get more money as the second-tier lenders they often rely on become more cautious. Ontario has seen the bulk of receiverships in recent months, but over the past year, the process has been applied to everything from a historic bank building in Saint John, N.B., to a fire-plagued apartment in Winnipeg.
Labels:

Comments

Post a Comment