Shopify helps TSX hit record close

Shopify reported an earnings beat and rosy guidance, which catapulted shares by 21.5% and lifted the TSX to another record close. The Canadian index jumped 1.27% or 35 points to 27,920, even though sectors were mixed. Outsized gains in tech led other areas and overcame laggards like telcos. Many mining stocks rallied, including SSR Mining by 17.09%, Orla 5.98% and Lundin Gold by 5.32%. Meanwhile, Premium Brands rallied 6.69%. Gold itself slipped US$10 to US$3,369 and WTI slid 1.65% to $64.10.

Wall Street reported a positive day as well. The S&P advanced 0.73%, the Nasdaq 1.21% and the Dow 0.18%. Another tech stock acted as the catalyst: Apple. The Mag 7 company announced it would invest more in the U.S. in reaction to Trump’s tariff threats. Apple soared 5.09% as the most influential name on Wall Street. Also active were Arista Networks up 17.49%, Super Micro Computer -18.29%, Mosaic -13.31% and Paramount Global -6.04%. Elsewhere, Bitcoin rose over US$1,500 to US$115,250. Edging higher was the U.S. 10-year yield to 4.23%.

🛍 Shopify Inc. (SHOP-T) +21.5%

⛏ SSR Mining (SSRM-T) +17.09%

⛏ Orla Mining (OLA-T) +5.98%

🥇 Lundin Gold Inc. (LUG-T) +5.32%

🛍 Premium Brands Holdings Corp (PBH-T) +6.69%

🍎 Apple Inc (AAPL-Q) +5.09%

💾 Arista Networks (ANET-N) +17.49%

💾 Super Micro Computer (SMCI-Q) -18.29%

🌿 Mosaic Company (The) (MOS-N) -13.31%

🎞 Paramount Global (PARA-Q) -6.04%