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Shopify’s sweetheart week has it encroaching on market stalwarts

Shopify’s sweetheart week has it encroaching on market stalwarts
Business
After surging annually since its 2015 initial public offering, it has rallied 36 per cent to a market value of almost $82 billion in 2020, making it the seventh-largest company on the S&P/TSX Composite Index. That puts it about $8 billion away from usurping Bank of Nova Scotia — the fifth-biggest company. Canadian National Railway Co. is No. 6 on the benchmark.

Shopify’s value has climbed about $7.9 billion just this week as fourth-quarter revenue topped analysts’ estimates and the provider of online shopping tools gave an optimistic forecast for the year.
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