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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...
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Trump Ordered to Pay $454 Million in New York Fraud Case

 


In a significant legal development, former President Donald Trump has been formally ordered by a New York judge to pay more than $454 million after being found liable for manipulating his net worth. The civil fraud case was brought by New York State’s Attorney General, Letitia James.

Judge Arthur Engoron ruled that Trump had consistently misrepresented his wealth over several years to secure favorable loans and facilitate real estate deals. As a result, he was directed to pay $354.9 million in penalties along with nearly $100 million in interest. This staggering judgment leaves the former president facing substantial financial consequences.

Trump now has a 30-day window to appeal the verdict, a course of action he has publicly vowed to pursue. During this period, he must either deposit “sufficient funds” into a court-controlled account or secure a bond for the total amount. New York Attorney General Letitia James has also indicated that she may seek to seize some of Trump’s assets if he fails to cover the bill, although the appeal process is likely to delay any collection efforts.

As the clock starts ticking on Trump’s appeals, the eyes of legal experts and the public remain fixed on this high-stakes case. Whether the former president can successfully challenge the judgment or whether it will stand as a landmark decision in New York’s legal history remains to be seen.


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