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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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Wall Street Nears Historic Milestone: S&P 500 Approaches 5,000 Mark

 


The S&P 500 index is on the cusp of a significant achievement, threatening to breach the 5,000 level for the first time in its history. As the trading day unfolded, major players like Ford Motor and Chipotle Mexican Grill propelled the index upward, following their latest earnings reports.

The S&P 500, a broad measure of the U.S. stock market, has been steadily ascending, fueled by robust corporate performance and investor optimism. At the time of writing, it stood at 4,998, tantalizingly close to the coveted 5,000 mark. If it successfully crosses this threshold, it will mark a momentous milestone for investors and financial markets alike.

Ford Motor, the iconic American automaker, reported strong earnings, buoyed by robust vehicle sales and strategic initiatives. Meanwhile, Chipotle Mexican Grill, known for its flavorful burritos and bowls, also delivered impressive results. These companies’ positive performance has contributed significantly to the S&P 500’s ascent.

As Wall Street watches with bated breath, market analysts and investors are keenly observing the index’s movements. Will it break through the 5,000 barrier and set a new record? Only time will tell. For now, the financial world remains abuzz with anticipation, awaiting this potential historic feat.



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