Shopify, Lightspeed lead Canadian tech stock surge after US pauses universal tariffs
President Trump’s off-the-cuff social post spurs tech stock rally, reversing last week’s rout.
Markets
WonderFi spent $3.6 million on ransom and security upgrades in connection with CEO’s kidnapping last year
In the crypto world, high-profile figures face significant security risks.
Shopify, Lightspeed among Canadian tech stocks dragged down in US tariff-spurred market plunge
Economists, companies share bleak outlook as global markets see one of their worst days in decades.
Well Health to exercise call options that give majority controlling interest in strategic partner Healwell AI
Call option exercised in conjunction with Healwell’s acquisition of New Zealand healthtech company.
Optimism continues in Canadian decentralized finance as DeFi and WonderFi report major gains year-over-year
A US administration more favourable to crypto has DeFi companies anticipating another year of growth.
Lightspeed to expand and revamp sales team as part of revised go-to-market effort
Execs said direct sales will help company’s two “leading growth engines” at Lightspeed’s Capital Markets Day.
Lightspeed scales back fiscal 2025 revenue outlook as “several macroeconomic conditions have deteriorated”
Lightspeed saw same-store sales and business formation decline as the trade war heated up in February and March.
Shopify to transfer US stock listing to Nasdaq, remain on TSX
Stock transfer follows recent changes to Shopify’s SEC filings that show potential to become US-domiciled.
WonderFi plots expansion beyond crypto into multi-asset trading with Eightcap
Crypto firm aims to work with Australian FinTech partner to give Bitbuy and Coinsquare users access to derivatives.
Thinkific created positive cash flow in 2024, but found GMV “headwinds”
EdTech company saw revenue jump in Q4 earnings as it ditched cost savings for growth.
Shopify’s latest SEC filings show potential to become US-domiciled, TD analyst warns
Canada’s largest tech company names New York executive office in new 10-K filing.
Kraken Robotics emerges from the deep to take top spot on 2025 TSX Venture 50 list
The mining sector dominated the list, with a combined 12 tech companies making the cut.
AI’s new moat with Coveo’s Louis Têtu
Coveo’s outgoing CEO says the company’s applied AI offering is a “market taker.”
Payfare defends Fiserv acquisition deal from minority shareholder dissent ahead of vote
The payments processor said undervaluation and conflict of interest claims were “misleading.”
Shopify’s strong Q4 earnings complicated by Kanye West Nazi T-shirt controversy
The e-commerce firm has removed West’s store for violating its recently modified terms.