Lack of ambition in Canada creating ’600-pound beaver in the room’: Shopify president

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Lack of ambition in Canada creating ’600-pound beaver in the room’: Shopify president
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The president of e-commerce giant Shopify Inc. is calling on Canada to address a problem he calls “the 600-pound beaver in the room.”

Tara Deschamps, The Canadian PressScott Devitt, equity research on internet, e-commerce and online travel at Wedbush, joins BNN Bloomberg to talk about Shopify's Q2 earnings results.

While they first delved into Finkelstein’s previous DJ career, why he starts his day with meditation and Shopify’s views on remote work , the pair eventually got down to business, discussing the state of Canadian tech. “I want more Canadian companies to be headquartered here,” Finkelstein said. “I don’t want to be a country of branch offices.”

Ahead of Finkelstein’s talk, Olympians Phil Wizard and Rosie MacLennan, “Dragons’ Den” star Arlene Dickinson and executives from TD Bank and Mastercard took the stage. “There’s a Canadian hesitance to go first, which makes sense … because traditionally you want to be a second mover and let someone else make a mistake,” he said.

Jacobs’ point of view was cemented during his decades leading tech companies like Layer 6, which develops machine learning systems. It was purchased by TD Bank, reportedly for $100 million, in 2018.

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