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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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Judge Rebukes Trump’s Lawyer for ‘Losing All Credibility’ in Hush Money Trial”

 

    

In a dramatic courtroom exchange, Judge Juan Merchan admonished former President Donald Trump’s lawyer, Todd Blanche, for what he deemed a lack of credibility during the ongoing criminal trial related to hush money payments. The trial centers around a 2016 payment made to adult film actress Stormy Daniels, allegedly to boost Trump’s electoral prospects.

Merchan expressed visible frustration with Blanche’s defense, stating, “You have presented nothing.” The judge further criticized Blanche’s assertion that Trump had carefully adhered to the gag order preventing him from publicly criticizing witnesses. “You’re losing all credibility with the court,” Merchan declared.

Blanche attempted to argue that Trump had not intended to violate the gag order, but Merchan remained unsatisfied. When Blanche suggested there were “two systems of justice” in the courtroom, referencing the imprisonment of Trump Organization CFO Allen Weisselberg, Merchan sharply responded, “Is that what you are saying?”

The contempt hearing intensified as Blanche defended Trump’s social media posts as mere responses to attacks, yet failed to provide clear examples. The trial continues to captivate the nation as it marks the first time a former U.S. president faces criminal charges.

Stay tuned for further developments in this historic case. 

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