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Shopify Inc
Symbol SHOP
Shares Issued 1,215,228,115
Close 2025-02-05 C$ 174.38
Market Cap C$ 211,911,478,694
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Globe says Shopify ex Debow launches Build Canada

2025-02-06 08:25 ET - In the News

The Globe and Mail reports in its Thursday edition that leaders in Canada's tech sector are launching a project aimed at shaping policy to create a more prosperous economy and address their frustration with the country's stagnant innovation agenda. The Globe's Pippa Norman writes that titled Build Canada, the project launched Tuesday with a core team of five volunteers, including former Shopify vice-president Daniel Debow, who left the company last month. By publishing weekly policy memos to its website and encouraging others to share them via social media, the initiative's goal is to give Canadian entrepreneurs a platform to publicize their ideas in a meaningful way. "This is not a lobby group, this is not a think tank, this is a temporary project for the purposes of getting great ideas of builders out there across the economy in a format that they're understandable and useful," Mr. Debow said. This push for change is badly needed, he added, as potential 25-per-cent tariffs on exports to the United States threaten to hit Canada's economy while it is down. "Both cyclically and structurally, Canada's economy is not well positioned to absorb a shock of this scale," Royal Bank of Canada economists said in a report Sunday.

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