Why does Shopify oppose the bill?

Because it weakens encryption and grants the government broad access to user data, harming trust and competitiveness.

What is the potential impact on Shopify's stock?

Not yet quantified, but higher compliance costs or product changes could negatively affect financial performance.

Shopify Policy Chief Warns Bill C-22 May Handicap Canadian Tech

Shopify's policy chief warned that Bill C-22 could give the Canadian government the ability to access encrypted data, potentially handicapping domestic tech companies.

June 24, 2026

2 min read

Source: Financial Post

Shopify's (NYSE: SHOP) chief policy officer warned that Canada's Bill C-22 could handicap domestic tech companies, as reported by Financial Post.

Details of the Warning

The official stated that the bill would grant the Canadian government the ability to access encrypted data, which could undermine trust in digital services and weaken the global competitiveness of Canadian tech firms.

Shopify's Position

Shopify said it supports regulatory efforts that protect national security but opposes any legislation that weakens encryption or grants the government unlimited access to user data.

Precedents and Context

Other major tech companies have previously warned about the bill's impact, arguing it could force firms to weaken encryption or relocate operations outside Canada.

Potential Financial Impact

The direct financial impact has not been quantified, but any legislation restricting encryption could increase compliance costs and reduce Shopify's market share if it must alter its products.

Frequently Asked Questions

A Canadian bill that would give the government the ability to access encrypted data, raising concerns among tech companies.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.