What’s more important to you as an investor – rapid growth potential or long-term consistency? This is an important question to ask yourself when you are browsing Canadian tech stocks for your next pick, especially if you are torn between the two sector giants.
The e-commerce giant
Shopify (TSX:SHOP) is an e-commerce giant that operates not just in Canada but around the world. Even after losing a significant part of its market value in the brutal correction that followed the rapid growth during the pandemic, it’s one of the most valuable companies in Canada. The current market value is at about $148 billion.
Shopify is an e-commerce platform that supports millions of e-commerce merchants in about 175 countries. It has also captured about 10% of the US e-commerce market and 6% of the Western European market.
However, its market share is just one of its strengths. The platform’s ease of use and the…
