04:56 PM EST, 02/27/2025 (MT Newswires) -- E-commerce platform Shopify Inc. ( SHOP ) listed a New York headquarters in a US regulatory filing for the first time, stoking speculation about a US move amid anxiety in Canada about capital flight south of the border, Bloomberg is reporting Thursday.

MT Newswires Canada notes Canadian trucking company TFI International ( TFII ) earlier this week

reversed plans to move its headquarters south after pressure from investors.

In terms of Shopify ( SHOP ), Thursday's report notes the Ottawa-founded company filed a 10-K annual report on Feb. 11 to the US Securities and Exchange Commission that mentions New York as a "principal executive office" alongside its Canadian address.

Shopify ( SHOP ) filed the domestic issuer 10-K instead of the foreign issuer 40-F form, analysts at TD Securities Inc. said in a note. They highlighted that the form contains a US employer identification number, a "key consideration" for FTSE Russell and other significant US index providers.

Shopify ( SHOP ) also reordered how it reported segmented assets, "which flips the geographic breakdown" from majority Canadian to majority US.

"Since the country with the majority of assets is now the US and that matches the HQ, we expect that SHOP will be eligible for inclusion in the US indices at the next annual review in June," the note added.

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