Shares in the company gained almost seven per cent on the TSX on Wednesday to close at $1,034 a share. That's enough to make Shopify the most valuable company in Canada, just ahead of the Royal Bank of Canada, which inched down 26 cents on Wednesday to close at $84.62 a share, for a total stock market value of $120.4 billion. Shopify CEO Tobi Lutke says the company is doing everything it can to help businesses start selling online to stay afloat. Canada's economy is renowned for its strong and valuable banks, but from time to time, a company other than a bank has claimed the title of most valuable. "They're up against some very heavy hitters and I don't think those guys are going to let Shopify win everything.

Source: CBC News May 06, 2020 13:59 UTC