Shopify Extends Market-Leading Rally With Another Strong Quarter
Signage is displayed at the Shopify Inc. office in Waterloo, Ontario, Canada.
Photographer: Cole Burston/BloombergThis article is for subscribers only.
Shopify Inc. jumped the most this year after another strong earnings report, extending a rally that has made it one of Canada’s best-performing stocks.
The online retailer rose as much as 9.9 percent in Toronto. The shares have now more than doubled since Christmas Eve, the best performance on the benchmark S&P/TSX Composite Index after pot stock Hexo Corp. Shopify’s gains are also bigger than any stock in the S&P 500 Index over that time.