Canadian Software Stocks Rise as Sector Catches Up to U.S. -- Market Talk

Dow Jones05-20

1241 ET - Canadian software stocks rise as they play catch-up with an upswing in U.S. software names Monday when Canadian markets were closed for Victoria Day. Richard Tse of National Bank Capital Markets says the move mirrors gains in the IGV software ETF. Sentiment is also getting a lift from Constellation Software, Tse says, whose annual general shareholders' meeting on Friday reassured investors about the company's AI strategy and its efforts to prevent its vertical-market businesses from being displaced by emerging technologies. Gainers in the sector include Constellation Software, Thomson Reuters, Descartes Systems, CGI and 5N Plus. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

May 19, 2026 12:41 ET (16:41 GMT)

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