Making sense of the markets this week: February 18, 2024 Feb 16th

All about Canadian investments. Learn the ins and outs and get the latest news.

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Carney government to reveal economic statement on April 28 Apr 15th

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Canadian banks earnings reports + MORE Aug 28th

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After major issues with tenants, these Ontario landlords blame their real estate agents - CBC Jul 15th

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The best RRSPs in Canada for 2025 Feb 21st

Why should you open a registered retirement savings plan (RRSP)? This account type is often described as “tax-advantaged,” meaning it offers a tax-efficient way for savers and investors to build wealth for the future, usually for retirement. To maximize its potential, it helps to know the differ.... More »

Making sense of the markets this week: February 18, 2024

– moneysense.ca

Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.

Shopify struggles

Canada’s second-largest company (or third, depending on the day) had a relatively strong earnings day on Tuesday, but the company’s share price took a beating based mostly on decreased earnings expectations going forward.

Shopify earnings highlights
Shopify is listed on both the Toronto and New York Stock exchanges, and it announces earnings in U.S. dollars.

Shopify (SHOP/TSX): Earnings per share of $0.34 (versus $0.31 predicted), and revenues of $2.14 (versus $2.08 predicted).

Shares of Canada’s tech darling were down over 13% on Tuesday, but even with the massive pullback, the share price is still up 14% year to date (YTD).

Shopify’s CFO Jeff Hoffmeister reported the good news that more products were sold on the Shopify platform than ever before. The fourth quarter included the all-important holiday shopping activity, and Hoffmeister announced that Shopify has moved $75…

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