News Summary

Canadian tech stocks, including Shopify and Lightspeed, experienced significant gains following the United States’ announcement to pause universal tariffs, reducing them to 10 percent for most countries except China. Shopify’s Nasdaq-listed share price increased by 18.6 percent, closing at $91.40 USD, while Lightspeed’s shares rose by 14 percent to $9.20 USD on the NYSE. On the Toronto Stock Exchange, Shopify and Lightspeed saw rises of 17.5 percent and 13.3 percent, respectively. This surge comes after a period of uncertainty regarding Canada’s inclusion in the tariffs, which had led to a market sell-off. Other Canadian tech companies, such as Constellation Software, BlackBerry, and OpenText, also saw significant stock price increases. The market reacted positively to President Trump’s announcement of a 90-day pause on tariffs, with major exchanges like the TSX and Nasdaq closing up significantly.