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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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Trump's Pick of Rubio as Top Diplomat Jolts Latin America

 

President-elect Donald Trump's selection of Senator Marco Rubio as the next Secretary of State has sent shockwaves through Latin America, a region long accustomed to U.S. neglect. Rubio, a staunch conservative and vocal critic of communist regimes, is expected to bring a renewed focus on Latin American policy, which has often been sidelined in U.S. foreign affairs.

Rubio's appointment marks a significant shift in U.S. diplomacy. As the first Latino Secretary of State, he is poised to leverage his deep understanding of the region and his personal connections to drive U.S. policy. His reputation as a national security hawk and his support for Trump's hardline immigration policies are likely to influence his approach to issues such as trade, drug trafficking, and migration.

While some Latin American leaders welcome the attention, others are wary of Rubio's polarizing rhetoric and his alignment with Trump's "America First" agenda. Critics argue that his stance could alienate U.S. allies in the region and complicate diplomatic relations.

As Rubio prepares to take on his new role, the world watches closely to see how his leadership will reshape U.S. engagement with Latin America and address the challenges facing the region.

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