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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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Israeli Tanks Push Deeper into Gaza’s Rafah Amid Displacement Crisis

 

Israeli tanks have intensified their offensive in the southern border city of Rafah, pushing deeper into eastern neighborhoods. This escalation comes as more than a million civilians, who had sought refuge in Rafah after being displaced during seven months of war, face renewed danger. Here’s are the details: 

  • Humanitarian Crisis: Israel’s international allies and aid groups have repeatedly warned against a ground incursion into Rafah, fearing a potential humanitarian catastrophe. The city has been a refuge for displaced Palestinians, but the recent offensive threatens their safety and well-being.

  • Evacuation Orders: Israel issued evacuation orders for people to move from parts of eastern Rafah, extending to further zones. Displaced civilians are relocating to designated areas, including Al-Mawasi, a strip of land along the coast. However, these zones lack proper facilities to accommodate the influx of people.

  • Hamas Resistance: Despite international pressure, Israel continues its operation in Rafah. The goal is to root out the remaining Hamas battalions holed up in the city. Clashes persist as Hamas’s armed wing retaliates, destroying an Israeli troop carrier with an Al-Yassin 105 missile.

  • Ceasefire Efforts: Qatar and Egypt are mediating ceasefire talks, but Israel’s actions in Rafah have complicated the negotiations. Qatar’s Prime Minister Sheikh Mohammed bin Abdulrahman Al-Thani expressed concern about the impact on reaching a truce.

  • Intensified Conflict: Fighting across Gaza has intensified, with the Israeli military re-entering areas previously claimed to be dismantled. Israel aims to prevent Hamas from rebuilding its military capacities, but the toll on Palestinian lives continues to rise.

In summary, the situation in Rafah remains dire, with civilians caught in the crossfire. As the conflict persists, the international community must redouble efforts to find a peaceful resolution and alleviate the suffering of those displaced by war.

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