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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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Global IT Meltdown: Faulty CrowdStrike Update Causes Widespread Chaos

 

In an unprecedented turn of events, a faulty update from cybersecurity giant CrowdStrike has triggered a global IT meltdown, causing millions of Windows computers to crash with the infamous “Blue Screen of Death” (BSOD). The update, intended to enhance the security of CrowdStrike’s flagship product, Falcon Sensor, instead resulted in a critical failure that left businesses, airports, banks, and healthcare systems in disarray.

The issue began late Thursday and quickly spread as regions around the world started their day. The BSOD, a bright blue error screen indicating a critical system failure, appeared on millions of devices, rendering them unusable. CrowdStrike confirmed that the problem was due to a “logic error” in the update, which caused the operating system to crash.

The impact was immediate and widespread. Airports experienced significant delays, supermarket checkouts malfunctioned, and businesses struggled to maintain operations. CrowdStrike CEO George Kurtz issued an apology and assured that a fix had been deployed, but recovery is expected to take time due to the complexity of the issue.

Microsoft, whose Azure cloud services were also affected, is working closely with CrowdStrike to provide technical guidance and support to affected customers. As systems slowly come back online, the incident serves as a stark reminder of the vulnerabilities inherent in our increasingly digital world.


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