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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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U.S. Imposes 50% Tariffs on Canadian Steel and Aluminum Amid Trade Tensions

In a significant escalation of trade tensions, U.S. President Donald Trump has announced a 50% tariff on all steel and aluminum imports from Canada, effective midnight. This decision doubles the previously threatened 25% tariff and comes in response to Ontario's recent imposition of a 25% surcharge on electricity exports to the United States.

The move has sparked concerns about its potential impact on both economies. Canadian officials have expressed dismay, warning of retaliatory measures, while U.S. manufacturers and consumers brace for higher costs. President Trump has also hinted at further tariffs on Canadian automobiles if the dispute remains unresolved.

This development marks a new chapter in the ongoing trade disputes between the two nations, with significant implications for industries and markets on both sides of the border.

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