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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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Cyclone Chido Devastates Mayotte: Death Toll Rises

 

Cyclone Chido, one of the most powerful storms to hit the region in nearly a century, has caused widespread destruction in the French territory of Mayotte. The cyclone, which brought winds exceeding 220 kph (136 mph), has resulted in a devastating death toll, with current estimates ranging from several hundred to potentially thousands.

The French Interior Ministry confirmed at least 11 deaths, but officials warn that this number is expected to rise significantly as rescue efforts continue. The cyclone has also left hundreds injured and caused extensive damage to infrastructure, including the main hospital and airport.

Mayotte, already one of France's poorest territories, has been severely impacted, with entire neighborhoods flattened and many residents left without shelter. The French government has mobilized rescue teams and supplies from nearby territories to assist in the recovery efforts.

As the world watches, the full extent of the damage and loss of life caused by Cyclone Chido continues to unfold. The international community has expressed solidarity and offered support to the people of Mayotte during this difficult time.







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