VC division makes up almost half of BDC’s $218 million net loss for 2020 fiscal year, amid COVID-19 volatility
The Business Development Bank of Canada (BDC) doled out $7.4 billion in loans in the fiscal year 2020, an increase of 2.5 percent…
Reports
Alberta recovery plan a “first step” in addressing tech sector’s support recommendations
Last year, the government of Alberta made significant cuts to programs aimed to spur growth in its tech ecosystem, resulting…
Reports provide snapshot on how small businesses are faring as Canada reopens from COVID-19
The COVID-19 pandemic had a profound impact on the Canadian economy. Social distancing has frozen most of the economy for months,…
Ottawa, Calgary gain momentum in CBRE North American top tech talent report as Toronto falls one spot to fourth
Toronto has dropped one spot in the 2020 version of CBRE’s top tech talent markets in North America report. The city now…
Toronto tech venture deal count plummets in “unfortunate” first quarter of 2020
Toronto’s tech sector saw $361 million in venture funding over 41 deals in the first quarter of 2020, according to a new…
Report: Nearly half of Canadian VC firms have seen a decline in deal flow during COVID-19
In Canada, 48 percent of venture capital (VC) firms have seen a minimum 25 percent decline in deal flow during the COVID-19…
Over half of Canadian small businesses will take six months to return to profitability, finds CFIB survey
Canadian small businesses have a long, slow road to economic recovery ahead, according to the Canadian Federation of Independent…
More federal assistance for Indigenous businesses required, says COVID-19 taskforce
For the survival of many Indigenous businesses during this pandemic, additional financing and support is required, according…
Montréal makes Startup Genome’s top 30 as Toronto, Vancouver ecosystems drop in rankings
Montréal is Canada’s newest entrant to the top 30 of Startup Genome’s 2020 global ecosystem rankings, while Toronto-Waterloo…
Montréal tech saw five-quarter high in venture deals prior to COVID-19 crisis
Montréal’s tech sector saw $204 million in VC funding in the first quarter of 2020, up 47 percent over the last quarter,…
Report: 77 percent of Canadian IT leaders say employees won’t return to office as normal after COVID-19
More than three-quarters of Canadian IT leaders believe a majority of workers will be reluctant to return to the office as…
Tech sector reiterates calls to expand wage subsidy as Canadian government asks for feedback
Canada’s Department of Finance recently held a consultation process on the Canada Emergency Wage Subsidy (CEWS), looking…
Slack reports record customer growth as global workforces go remote
Vancouver-founded communications software company Slack has reported its financial results for the first quarter and provided…
Report: Canada ranked fourth startup ecosystem globally as Toronto, Vancouver drop for second year
Despite being ranked in the top four, Canada has fallen one spot in StartupBlink’s 2020 global startup ecosystem rankings,…
Lack of VC activity caused by pandemic not reflected in Q1 2020, says CVCA’s Kim Furlong
The Canadian Venture Capital and Private Equity Association (CVCA) has released its detailed report for the first quarter of…