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

House Approves $95 Billion Foreign Aid Package for Ukraine and Israel

 

In a significant move, the U.S. House of Representatives has approved a $95 billion package of foreign aid aimed at supporting Ukraine, Israel, and other American allies. The decision comes after months of political turmoil on Capitol Hill, during which congressional leaders worked to overcome opposition from hard-right conservatives.

Aid for Ukraine

The package includes crucial assistance for Ukraine, a country facing ongoing conflict with Russia. The aid is intended to bolster Ukraine’s defense capabilities, enhance security, and promote stability in the region. As tensions persist in Eastern Europe, this allocation underscores the United States’ commitment to supporting its allies.

Support for Israel

Israel, another key ally, will also benefit from the approved aid package. The funds will contribute to Israel’s security needs, strengthen military cooperation, and reinforce diplomatic ties. Given the complex geopolitical landscape in the Middle East, this assistance is vital for maintaining stability and peace in the region.

Bipartisan Efforts

Despite political divisions, congressional leaders managed to push aside opposition and secure the necessary votes to pass the bill. The package will now proceed to the Senate for further consideration. Bipartisan cooperation played a crucial role in ensuring that the aid reaches its intended recipients promptly.

In a statement, House Speaker Mike Johnson emphasized that “the House has worked its will.” The approval of this aid package reflects the commitment of the U.S. government to stand by its allies during challenging times.

As the Senate takes up the legislation, the international community watches closely, recognizing the importance of these funds in promoting global security and stability.

\

 

 

 

 

 

 

 

 

\

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Labels:

Comments

Post a Comment