Shopify shares slide 4.6 percent; other Canadian tech stocks also pull back

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      Canada's most valuable public company has fallen back somewhat.

      Ottawa-based Shopify's share price fell 4.61 percent today, closing at $1.343.08 on the Toronto Stock Exchange.

      The company's 52-week high is $1,472.98.

      Shopify's market capitalization stands at $161.5 billion. Canada's second most valuable public company, the Royal Bank, is worth $137 billion.

      Other Canadian tech companies also suffered a drop in share value, including Ottawa-based Kinaxis. It dipped 5.85 percent to close at $196.97.

      Another big player, Toronto-based Constellation Software, closed at $1,516, down 2.36 percent.

      The share price of a Waterloo tech company, Open Text Corp., was down 2.66 percent, closing at $59.65.

      Another Waterloo high flyer, Descartes Systems Group, saw its shares drop 2.46 percent to close at $75.47.

      And Vancouver-based Absolute Software's shares declined by 2.21 percent to close at $15.96.

      However, a Burnaby-based alternative-energy company, Ballard Power Systems, bucked the trend. Its shares edged up by 0.05 percent, closing at $19.76.

      Since the start of this year, Ballard's stock has risen 90 percent.

       

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