Shares of Affirm Holdings Inc. were up more than 3% in premarket trading Thursday after the company announced that it would launch a buy-now-pay-later option on Amazon.com Inc.’s site in Canada. The company already has a relationship with Amazon in the U.S. Affirm noted in a Thursday press release that eligible Canadian Amazon shoppers will be able to split purchases into monthly installments on purchases of $50 or more. Shares of Affirm have lost 79% so far this year as the S&P 500 has declined 20%.
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