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Stock impact report

‘Amazon Junior’ Throws Weight Around on Canada’s Stock Market [Yahoo! Finance News]

Shopify Inc. Class A Subordinate Voting Shares (SHOP) 
Last shopify inc. class a subordinate voting shares earnings: 2/12 07:00 am Check Earnings Report
US:NYSE Investor Relations: investors.shopify.com/home/default.aspx
) -- Shopify Inc. is a growing rival to Amazon.com Inc. in e-commerce. The Canadian tech company is still much smaller than the U.S. giant, of course -- except in one respect.Ottawa-based Shopify, which went public only five years ago, has come to have an outsized impact on equity returns in its home country. It now accounts for fully 6.5% of the S&P/TSX Composite Index, more than Amazon’s 4.9% weight in the .As Shopify goes -- and most of the time it goes up, not down -- so goes Canada’s main equity benchmark. The stock’s blistering run has added more than 4.5 percentage points to the TSX index’s return this year. That’s far more than the influence of Amazon, Microsoft Corp., Alphabet Inc. or Facebook Inc. on the , according to data compiled by .One reason Shopify stands out, of course, is there are no other Canadian tech companies even close to its size: it closed the week with a market value of C$165 billion $123 billion). As investors pile into the tech sector globally -- and as m Show less Read more
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