TSX Opens Lower on Shopify Miss
Canadas main stock index opened lower as Shopify shares slumped following a quarterly revenue miss. Investors also monitored the US midterm elections as markets awaited further economic direction.
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Canada's main stock index fell 0.79% to 35,518.78 points during Tuesday morning trade as SHOPIFY INC - CLASS A shares slumped following a quarterly revenue miss. The drop weighed heavily on the broader market as investors in the United States also turned their attention to midterm elections. The negative session open highlights growing sensitivity to tech sector earnings reports amid high valuations.
