The Tech Stock Boom Has Arrived in Canada’s Market (Finally)
- Stocks in the sector have climbed over 59% this year
- The tech ecosystem in Canada is very robust: CIBC’s Coupland
Employees work at the Shopify Inc. office in Waterloo, Ontario.
Photographer: Cole Burston/BloombergThis article is for subscribers only.
It makes up almost 6% of Canada’s stock market and is the best-performing sector this year.
That’s right: technology stocks have climbed a massive 59% in 2019 -- more than double the next-best industry group on the S&P/TSX Composite Index. In fact, tech’s share of the benchmark index has grown at the fastest rate among all sectors in the past four years, according to data compiled by Bloomberg.