Shopify announces major share buyback as Bank of Canada signals a long economic restructuring

Shopify, the Canadian e-commerce company, announced it will spend $2 billion to buy back its own shares after reporting strong quarterly growth. This move by a major Canadian firm comes as the Bank of Canada says the country's economy is undergoing a restructuring that will take years to complete.

Separately, there is debate about the Bank of Canada's outlook. One opinion piece argues the central bank has an overly optimistic view, while another analyst says they are abandoning a positive forecast for the Canadian dollar and expecting more interest rate cuts from the Bank of Canada.