Shopify (NASDAQ:SHOP) rallies as TSX shows gap from Canada Day holiday
Shopify Inc. climbed in New York on Wednesday. Its Toronto shares stayed flat with markets closed for Canada Day. TMX Group said the TSX and related markets shut on July 1 and reopen July 2. Shopify’s U.S. quote didn’t just rally. It opened up a currency-adjusted gap. Nasdaq shares finished at $121.63. At $1.4220 per U.S. dollar, that’s about C$172.96. The TSX last traded at C$162.26, so the spread is C$10.70.