Canadian Tech Stocks Powered by Shopify Zoom Past Nasdaq 100
- ‘Best performance globally among technology peers,’ CIBC says
- S&P/TSX Tech outperforms S&P 500 Info Tech, Nasdaq 100 in 2023
This article is for subscribers only.
The US technology sector was hot in 2023, Canada’s was hotter.
An investor frenzy for artificial intelligence stocks propelled US tech-heavy benchmarks to market-besting returns this year. But tech stocks in Canada’s S&P/TSX Composite are poised to top them all, soaring roughly 70%, as those in the S&P 500 Index and the Nasdaq 100 notched less than 60% gains.