15:03:19 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Shopify Inc
Symbol SHOP
Shares Issued 1,206,893,763
Close 2023-12-29 C$ 103.16
Market Cap C$ 124,503,160,591
Recent Sedar Documents

FP says Celestica, Shopify were big gainers in 2023

2024-01-02 09:05 ET - In the News

See In the News (C-CLS) Celestica Inc

The Financial Post reports in its Saturday, Dec. 30, edition that the United States technology sector was hot in 2023, but Canada's was hotter. The Post's Geoffrey Morgan writes that an investor frenzy for artificial intelligence stocks propelled U.S. tech-heavy benchmarks to market-besting returns this year. However, tech stocks in Canada's S&P/TSX composite index are poised to top them all, soaring about 70 per cent, as those in the S&P 500 index and the Nasdaq 100 notched less than 60-per-cent gains. Canada's tech sector also beat out comparable gauges in Germany, France and elsewhere, to post what CIBC has called "the best performance globally among technology peers." Tech rebounded from one of its worst years in over a decade. In Canada, Celestica a maker of equipment to power AI, and e-commerce giant Shopify were the triple-digit gainers. Shopify -- once dubbed "Amazon Junior" -- was bouncing back from its worst annual rout since going public. Mawer Investment's Jeff Mo says, "One year's dogs tend to be the next year's stars." He notes that tech "was the dog sector in 2022." Canadian tech stocks fell 52 per cent in 2022, more than the 24-per-cent drop experienced by those in the S&P 500.

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