September 25, 2018 / 6:30 PM / 3 months ago

BUZZ-Shopify Inc: Dips on report co said Amazon is encroaching on its turf

** U.S. shares of Shopify fell briefly before recovering to trade flat on a Bloomberg report bloom.bg/2xGCsrD that Shopify CEO Tobias Lutke said Amazon is encroaching on its turf

** Canadian shares also dipped fleetingly on the news and now trading up 0.2 pct

** The Canadian e-commerce company reported a surge in costs in its Q2 report late July

** YTD, Canadian shares climb 65.2 pct, while U.S. shares advance 60.6 pct

Reporting by Medha Singh in Bengaluru

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