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Canada Tech Firm Shopify Fuels Fear of US Move With Filing Change
E-commerce platform Shopify Inc. listed a New York headquarters in a US regulatory filing for the first time, stoking speculation about a US move amid anxiety in Canada about capital flight south of the border.
(Bloomberg) -- E-commerce platform Shopify Inc. listed a New York headquarters in a US regulatory filing for the first time, stoking speculation about a US move amid anxiety in Canada about capital flight south of the border. The filing change, first reported by the Financial Post newspaper, comes amid a fierce debate in Canada over capital drift to the US, stoked by President Donald Trump’s protectionist “America First” policy agenda. One of his would-be successors to lead the ruling Liberal Party, former central banker Mark Carney, was attacked by the opposition Conservatives for his board role at Brookfield Asset Management Ltd., which announced in late 2024 it would move its head office to New York from Toronto to gain access to US indexes.
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