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Shopify Surges Past Royal Bank to Become Canada’s Largest Stock

The e-commerce company’s shares jumped 6.8% to a record, pushing its market value to C$121.6 billion ($86.1 billion). That nudged it past Royal Bank of Canada, which was up 0.1% to a market value of C$120.8 billion.

Shopify’s soared Wednesday after reporting first-quarter revenue that topped analysts’ expectations as it brought more businesses online during the coronavirus pandemic.

https://www.google.com.au/amp/s/finance.yahoo.com/amphtml/news/shopify-sales-surge-businesses-shift-111446450.html