In a market where everything’s going wrong, this Canadian stock is doing everything right – FINANCIAL NEWS-ecozik.com
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In a market where everything’s going wrong, this Canadian stock is doing everything right

While the TSX has been pummelled by the commodity rout, this company has surged 147% this year - a top Canadian stock that may be showing the way to the future.

In a regular market where everything’s going wrong, Kinaxis Inc. does everything right.

The Canadian cloud software company has surged 147 per cent this year, the best-performance among 232 companies with market values of more than $1 billion. That’s as opposed to the 12 per cent plunge in the nation’s benchmark equity gauge, that has been pummeled with a commodity rout.

While Canadian factory owners struggle with globalization, Kinaxis is feeding off the trend by selling software to assist companies manage their increasingly complex global supply chains. It’s nipping at the heels of larger rivals for example Germany’s SAP SE and it has an important edge on other Canadian tech darlings like Hootsuite Media Inc. and Shopify Inc.: it’s forecast to create a profit this season.

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