2024 has been a solid year for the TSX. The index has risen by about 23%, and the bulk of that growth has happened in the last six months (16%). But like any other bull market and bear market surges, the impact has been different for all underlying sectors and industries. Some, like energy, have fallen over the same period, while tech has outpaced the market by a significant margin.
And it’s a tech stock expected to keep surging as we enter 2025.
The e-commerce giant
Shopify (TSX:SHOP) is a Canadian e-commerce giant and one of the largest e-commerce platforms in the world. It has a sizable market share of the global market of e-commerce stores and in the U.S., it tops the charts with 30%, followed by Wix Stores. The platform has also inspired a massive ecosystem of applications and tools for merchants around the globe who use Shopify for their e-commerce needs.
The ecosystem has grown to about 13,000 applications. The platform…
