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TMX POV

It was a virtual work call and if it was pre-COVID 19. I'm sure everyone would have seen my eyes roll. My annoyance and somewhat frustration was directed at a colleague who just suggested that it would be timely to buy SPY (the NYSE Arca listed and world’s largest ETF tracking the S&P 500) to capitalize on recent US specific news.

In 2004, an Ottawa-based ecommerce startup launched a website called Snowdevils to sell snowboards. It then quickly became a platform where folks like you and I can create our own websites to sell stuff. Ten years later, the platform had 140,000 active stores, $3.5 billion in sales and became one of Canada’s most innovative companies.