Toronto Stocks Pare Back; Shopify Consumer Spending Fuels Merchant Growth in 3Q

Dow Jones

Nov 05

By Adriano Marchese

Toronto's indexes were firmly lower in midday trading Tuesday, dragged by a broad-based decline among nearly all Canadian sectors. The biggest laggard was tech, followed by materials and distribution services. Only communication stocks were higher in the session, though only slightly.

Canada's S&P/TSX Composite Index fell 1% to 29968.48 and the blue-chip S&P/TSX 60 retreated by 0.9% to 1768.54.

Shopify executives said consumer spending is holding up across the millions of merchants on its ecommerce platform, powering strong sales growth in its third quarter that is carrying over into the critical holiday season. Shares were down 3.6% to 234.07 Canadian dollars ($166.52) but the stock is still up 53% year-to-date.

Other market movers:

Pet Valu's shares fell by 15% to C$30.31 after the Canadian pet supplies retailer trimmed its revenue target for the year while growth in the latest quarter fell short of market expectations.

Gibson Energy's shares were 4.6% lower at C$22.65 after the energy-infrastructure company's underlying earnings came in slightly below expectations despite record volumes in the latest quarter.

Thomson Reuters reported a rise in third-quarter profit and revenue growth that has benefited from growing demand for its artificial intelligence products. Shares fell 5.4% to C$207.12.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

November 04, 2025 12:05 ET (17:05 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

LOGIN / SIGN UP

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www-web.itiger.com/news/2581929754"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2581929754\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2581929754?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-11-05 01:05","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2581929754","market":"sh","top_or_hot":-1,"title":"Toronto Stocks Pare Back; Shopify Consumer Spending Fuels Merchant Growth in 3Q","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Adriano Marchese \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Toronto's indexes were firmly lower in midday trading Tuesday, dragged by a broad-based decline among nearly all Canadian sectors. The biggest laggard was tech, followed by materials and distribution services. Only communication stocks were higher in the session, though only slightly. \n</p>\n<p>\n  Canada's S&amp;P/TSX Composite Index fell 1% to 29968.48 and the blue-chip S&amp;P/TSX 60 retreated by 0.9% to 1768.54. \n</p>\n<p>\n  <a href=\"https://laohu8.com/S/SHOP\">Shopify</a> executives said consumer spending is holding up across the millions of merchants on its ecommerce platform, powering strong sales growth in its third quarter that is carrying over into the critical holiday season. Shares were down 3.6% to 234.07 Canadian dollars ($166.52) but the stock is still up 53% year-to-date. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Other market movers: \n</p>\n<p>\n  <a href=\"https://laohu8.com/S/PTVLF\">Pet Valu</a>'s shares fell by 15% to C$30.31 after the Canadian pet supplies retailer trimmed its revenue target for the year while growth in the latest quarter fell short of market expectations. \n</p>\n<p>\n  Gibson Energy's shares were 4.6% lower at C$22.65 after the energy-infrastructure company's underlying earnings came in slightly below expectations despite record volumes in the latest quarter. \n</p>\n<p>\n  <a href=\"https://laohu8.com/S/TMSOF\">Thomson Reuters</a> reported a rise in third-quarter profit and revenue growth that has benefited from growing demand for its artificial intelligence products. Shares fell 5.4% to C$207.12. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 04, 2025 12:05 ET (17:05 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toronto Stocks Pare Back; Shopify Consumer Spending Fuels Merchant Growth in 3Q</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nToronto Stocks Pare Back; Shopify Consumer Spending Fuels Merchant Growth in 3Q\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-11-05 01:05</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Adriano Marchese \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Toronto's indexes were firmly lower in midday trading Tuesday, dragged by a broad-based decline among nearly all Canadian sectors. The biggest laggard was tech, followed by materials and distribution services. Only communication stocks were higher in the session, though only slightly. \n</p>\n<p>\n  Canada's S&amp;P/TSX Composite Index fell 1% to 29968.48 and the blue-chip S&amp;P/TSX 60 retreated by 0.9% to 1768.54. \n</p>\n<p>\n  <a href=\"https://laohu8.com/S/SHOP\">Shopify</a> executives said consumer spending is holding up across the millions of merchants on its ecommerce platform, powering strong sales growth in its third quarter that is carrying over into the critical holiday season. Shares were down 3.6% to 234.07 Canadian dollars ($166.52) but the stock is still up 53% year-to-date. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Other market movers: \n</p>\n<p>\n  <a href=\"https://laohu8.com/S/PTVLF\">Pet Valu</a>'s shares fell by 15% to C$30.31 after the Canadian pet supplies retailer trimmed its revenue target for the year while growth in the latest quarter fell short of market expectations. \n</p>\n<p>\n  Gibson Energy's shares were 4.6% lower at C$22.65 after the energy-infrastructure company's underlying earnings came in slightly below expectations despite record volumes in the latest quarter. \n</p>\n<p>\n  <a href=\"https://laohu8.com/S/TMSOF\">Thomson Reuters</a> reported a rise in third-quarter profit and revenue growth that has benefited from growing demand for its artificial intelligence products. Shares fell 5.4% to C$207.12. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 04, 2025 12:05 ET (17:05 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4566","symbol_name":"资本集团","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2581929754","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2581929754","pubTimestamp":1762275900,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Toronto's indexes were firmly lower in midday trading Tuesday, dragged by a broad-based decline among nearly all Canadian sectors. The biggest laggard was tech, followed by materials and distribution services. Only communication stocks were higher in the session, though only slightly.Canada's S&P/TSX Composite Index fell 1% to 29968.48 and the blue-chip S&P/TSX 60 retreated by 0.9% to 1768.54.Shopify executives said consumer spending is holding up across the millions of merchants on its ecommerce platform, powering strong sales growth in its third quarter that is carrying over into the critical holiday season. Shares were down 3.6% to 234.07 Canadian dollars  but the stock is still up 53% year-to-date.Pet Valu's shares fell by 15% to C$30.31 after the Canadian pet supplies retailer trimmed its revenue target for the year while growth in the latest quarter fell short of market expectations.Gibson Energy's shares were 4.6% lower at C$22.65 after the energy-infrastructure company's underl","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4566":"资本集团","LU1548497426.USD":"安联环球人工智能AT Acc","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4528":"SaaS概念","BK4613":"AI应用软件","LU1623119135.USD":"Natixis Mirova Global Sustainable Equity R-NPF/A USD","LU0823421333.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) ACC","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","BK4588":"碎股","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","LU1712237335.SGD":"Natixis Mirova Global Sustainable Equity H-R-NPF/A SGD","LU0823421416.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) INC","BK4548":"巴美列捷福持仓","BK4551":"寇图资本持仓","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU2063271972.USD":"富兰克林创新领域基金","BK4524":"宅经济概念","BK4532":"文艺复兴科技持仓","BK4116":"互联网服务与基础架构","SHOP":"Shopify Inc","BK4585":"ETF&股票定投概念","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0081259029.USD":"UBS (LUX) EQUITY FUND - TECH OPPORTUNITY \"P\" (USD) ACC"},"translate_title":"多伦多股市下跌；Shopify消费者支出推动第三季度商家增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SHOP":1.5},"content_text":"By Adriano Marchese \n\n\n \n\n\n  Toronto's indexes were firmly lower in midday trading Tuesday, dragged by a broad-based decline among nearly all Canadian sectors. The biggest laggard was tech, followed by materials and distribution services. Only communication stocks were higher in the session, though only slightly. \n\n\n  Canada's S&P/TSX Composite Index fell 1% to 29968.48 and the blue-chip S&P/TSX 60 retreated by 0.9% to 1768.54. \n\n\nShopify executives said consumer spending is holding up across the millions of merchants on its ecommerce platform, powering strong sales growth in its third quarter that is carrying over into the critical holiday season. Shares were down 3.6% to 234.07 Canadian dollars ($166.52) but the stock is still up 53% year-to-date. \n\n\n \n\n\n  Other market movers: \n\n\nPet Valu's shares fell by 15% to C$30.31 after the Canadian pet supplies retailer trimmed its revenue target for the year while growth in the latest quarter fell short of market expectations. \n\n\n  Gibson Energy's shares were 4.6% lower at C$22.65 after the energy-infrastructure company's underlying earnings came in slightly below expectations despite record volumes in the latest quarter. \n\n\nThomson Reuters reported a rise in third-quarter profit and revenue growth that has benefited from growing demand for its artificial intelligence products. Shares fell 5.4% to C$207.12. \n\n\n \n\n\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 04, 2025 12:05 ET (17:05 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}