Shopify Q3 revenue up 96 per cent from last year amid mass shift to e-commerce

Shopify Q3 revenue up 96 per cent from last year amid mass shift to e-commerce
The flood of businesses scrambling to build or enhance their digital efforts during the COVID-19 pandemic nearly doubled Shopify Inc.’s third-quarter revenue compared with a year ago. The Ottawa-based e-commerce company, which keeps its books in U.S. dollars, said Thursday that its revenue reached US$767.4 million in the quarter, up from US$390.5 million during the same period last year. Shopify... Read More

North American stock markets up in late-morning trading, loonie down

North American stock markets up in late-morning trading, loonie down
TORONTO — Gains in the financial sector helped lead Canada’s main stock index higher in late-morning trading after sinking to a more than three-month low on Wednesday, while U.S. stock markets also climbed. The S&P/TSX composite index was up 138.31 points at 15,724.88. In New York, the Dow Jones industrial average was up 113.35 points at 26,633.30. The S&P 500... Read More