Last Friday, Shopify Inc. (TSX/NYSE: SHOP) closed the week’s trading at a record high of CAD$2,139.82 per share. The Ottawa based e-commerce giant, which carries a market capitalization of CAD$268 billion, finds its valuation at the summit in terms of market valuations amongst Canada’s most prominent corporations. Shopify’s cap has surpassed mega-cap peers Royal Bank of Canada at CAD$188 billion, Toronto-Dominion Bank (CAD$167 billion), Brookfield Asset Management (CAD$167 billion), and Canadian National Railway (CAD$167 billion).
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By Charles Marleau CIM® and William Mitchell CIM®
By Charles Marleau CIM® and William Mitchell CIM®