Shopify stock slides after Canadian court order in CRA data dispute
Shopify shares fell 2.3% to $157.20 Friday after a Canadian appeals court ordered the company to retain data sought by the Canada Revenue Agency in a tax dispute. The CRA has requested six years of merchant data, citing compliance concerns. U.S. stocks ended mixed as Treasury yields rose. Investors await next week’s U.S. jobs and inflation reports for signals on interest rates.