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Shopify Sends the TSX to a Record as Asia's Chip Stocks Get Hammered

  Thursday August 6, 2026 Canadian investors woke up to a split-screen market this morning. At home, the TSX is coming off its best day in more than three months, powered by a blowout Shopify earnings report and a fresh leg up in gold. Overseas, it's a very different story: South Korea's Kospi cratered nearly 5% overnight as chip giants SK Hynix and Samsung got dumped, and Japan's Nikkei gave back some of Wednesday's gains too. Here's everything moving your money today. 🍁 TSX: Fresh Record on Shopify's Big Beat The S&P/TSX Composite jumped 344.82 points, or 0.96%, to close at an all-time high of 36,146.42 on Wednesday, touching an intraday peak of 36,443.29 along the way. It was the index's biggest one-day percentage gain in over three months, and futures are pointing higher again this morning. The star of the show was Shopify , which surged more than 20% in premarket trading after issuing an upbeat revenue outlook that suggested its AI tools are pulli...
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A Step Toward Peace: Russia and Ukraine Agree to Maritime Truce and Energy Attack Ban

In a significant development, Russia and Ukraine have reached separate agreements to ensure safe navigation in the Black Sea and to halt attacks on each other's energy facilities. These agreements, mediated by the United States, mark a potential turning point in the three-year-long conflict between the two nations.

The accords, finalized during talks in Saudi Arabia, aim to reduce hostilities and pave the way for broader peace negotiations. Both nations have expressed skepticism about the other's commitment to the agreements, emphasizing the need for U.S. enforcement. Ukrainian President Volodymyr Zelenskyy has stated that any violations by Russia would prompt requests for sanctions and additional military support.

While the agreements represent progress, challenges remain. Maritime battles have been a smaller part of the conflict since 2023, but energy infrastructure has been a frequent target for both sides. The success of these agreements will depend on mutual adherence and effective enforcement.

This development offers a glimmer of hope for a resolution to the ongoing war, but the road to lasting peace remains uncertain.

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