Shopify Inc dropped 7.1% to finish at $117.28 on Monday, slipping to $115.88 at session lows, with investors moving out of software and other risk-heavy names.
Shopify’s stock dipped 1.3% in Toronto on Monday, despite U.S. markets being closed for Martin Luther King Jr. Day. The last U.S. close on Friday saw shares slip 1.4% to $155.81. In Toronto, the shares finished at C$214.15, down 1.3%.
Ottawa-based Shopify announced it has co-created a new open standard with Google and broadened its integrations with both Google and Microsoft. The goal: to enable shoppers to complete purchases from Shopify merchants directly within AI search and chat tools. Called the Universal Commerce Protocol, the technology links AI systems to merchants’ checkout processes, facilitating transactions inside conversational interfaces. Brands like Monos and Gymshark will sell through Google’s AI surfaces, while Keen is among those using Microsoft’s Copilot Checkout, according to Digital Commerce 360. https://www.digitalcommerce360.com/2026/01/12/shopify-universal-commerce-protocol-open-standard-agentic-ai/
Shopify Inc announced on Sunday that it has teamed up with Alphabet’s Google to create a “Universal Commerce Protocol,” enabling AI assistants to finalize online purchases for merchants. The company also rolled out an “Agentic plan” that opens its Shopify Catalog to brands beyond its own platform. Meanwhile, Microsoft unveiled an updated Copilot checkout designed to guide shoppers “from search to purchase in a single conversation,” according to Microsoft executive Nayna Sheth.
Canada’s stock market just wrapped up a choppy but resilient week. The S&P/TSX Composite Index finished Friday, December 5, at 31,311.41, down about 0.2% for the week after briefly touching a fresh record high on Thursday.Investing.com+1