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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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S&P/TSX Composite Hits New Highs: Canadian and U.S. Markets Rally



On March 21, 2024, the S&P/TSX composite index achieved a remarkable milestone, closing atnew all-time high. Simultaneously, U.S. markets continued their upward trajectory, setting records of their own.

Key Highlights:

  1. Canadian Market Surge:

    • The S&P/TSX composite index gained 41.55 points, reaching 22,087.26. This surpasses its previous record of 22,087.22 set in March 2022.
    • Tech and financial stocks played a pivotal role in driving this surge, reflecting investor confidence in these sectors.

  2. U.S. Market Momentum:

    • Across the border, U.S. markets also soared:
      • The Dow Jones industrial average climbed 306.46 points, closing at 39,818.59.
      • The S&P 500 index rose by 30.20 points, reaching 5,254.82.
      • The Nasdaq composite surged 97.44 points, closing at 16,466.85.

  3. Commodity Prices:

    • The Canadian dollar traded at 73.93 cents US, slightly higher than the previous day.
    • Crude oil experienced a dip, with the May contract down 91 cents at US$80.36 per barrel.
    • Natural gas also declined, with the May contract down four cents at US$1.81 per mmBTU.
    • Gold bucked the trend, rising by US$17.40 to US$2,178.40 per ounce.
    • Copper remained stable, down just a penny at US$4.05 per pound.

In summary, both Canadian and U.S. markets are riding high, fueled by optimism and robust economic indicators. Investors are closely monitoring developments as we navigate these record-breaking times.

Disclaimer: The information provided is for informational purposes only and does not constitute financial advice. Always consult with a qualified professional before making investment decisions.

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