Shares were up as much as nine per cent on the Toronto Stock Exchange, approaching $54 per share, when the early momentum faded and the stock reversed course, dropping to about $51 per share at around 11.30 a.m., which was about three per cent higher than Friday’s close.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
The top selling cities in Canada were Toronto, Calgary and Montreal with an average cart price of $157. Martin Toner, analyst at ATB Capital Markets Inc., said Shopify faces a tough comparison with last year’s Christmas season when online spending reached a COVID peak. The sales growth on Black Friday was more than he expected and “an indication that things are going a little better than the consensus expects.
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