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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 'Liberation Day': A New Chapter in Global Trade Tensions

The global economy braces for impact as former President Donald Trump prepares to unveil his much-anticipated "Liberation Day" tariffs. This announcement, set for April 2, promises to reshape international trade dynamics with sweeping measures aimed at addressing what Trump describes as "decades of unfair trade practices." 

While the specifics remain unclear, the tariffs are expected to target countries with significant trade imbalances with the United States. Critics warn that this move could escalate into a full-blown trade war, with nations like China, Canada, and the European Union likely to retaliate. Economists predict that these measures could disrupt supply chains, increase consumer prices, and create uncertainty for businesses worldwide.

Trump's administration argues that these tariffs are necessary to restore American manufacturing and economic sovereignty. However, the lack of clarity surrounding the policy has left markets jittery, with businesses and governments alike scrambling to prepare for the potential fallout.

As the world awaits the official announcement, one thing is certain: "Liberation Day" marks a pivotal moment in the ongoing debate over globalization and economic nationalism. Whether it will lead to liberation or further entanglement in trade disputes remains to be seen.

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