Shopify helps technology sector lift S&P/TSX composite; loonie gains


TORONTO — Canada’s main stock index pushed into record territory led by the technology sector as shares in Shopify Inc. soared after the retail software company reported sales in its latest quarter gained 47 per cent compared with a year ago.

The S&P/TSX composite index was up 53.42 points at 17,830.53 as shares in Shopify gained more than 10 per cent.

In New York, the Dow Jones industrial average was up 197.55 points at 29,473.89. The S&P 500 index was up 16.76 points at 3,374.51, while the Nasdaq composite was up 59.15 points at 9,698.09.

The Canadian dollar traded for 75.41 cents US compared with an average of 75.23 cents US on Tuesday.

The March crude contract was up US$1.37 at US$51.31 per barrel and the March natural gas contract was up 4.4 cents at US$1.83 per mmBTU.

The April gold contract was down 10 cents at US$1,570.00 an ounce and the March copper contract was up 1.9 cents at US$2.60 a pound.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)