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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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China Urges Dialogue Over Trump's Tariff, Avoids Immediate Escalation


Beijing has sharply denounced the Trump administration’s imposition of a 10% tariff on Chinese imports, calling the measure a breach of international trade rules that undermines the global economic order. While the Chinese finance and commerce ministries confirmed plans to challenge the tariff at the World Trade Organization and hinted at taking "countermeasures" to protect national interests, they stopped short of launching an immediate retaliatory strike.

In its measured response, China's foreign ministry underscored that the issue of fentanyl—the potent opioid cited by Washington as justification for the tariff—is fundamentally an American problem. Officials stressed that extensive cooperation in anti-narcotics efforts has already been in place between the two nations, implying that the tariff would not spur a hasty escalation. Instead, Beijing expressed a willingness to engage in frank dialogue with U.S. counterparts in hopes of resolving the dispute through negotiations rather than further confrontation.


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