Montréal sets new funding record with two massive travel tech deals in Q2 2020
Following a strong start to 2020, Montréal tech companies raised a record $566 million in venture funding in the midst of…
Reports
Toronto venture funding lags behind Canada’s record-setting Q2 2020
Despite its historical prominence in Canadian tech, Toronto failed to contribute much to Canada’s record funding quarter.…
Canadian venture capital investment hits record in Q2 2020 despite COVID-19
Venture capital investment in Canadian companies hit a record high in the second quarter of 2020, much to the surprise of industry…
CFIB leads petition urging federal government to make changes to CEBA, CECRA, CEWS, CERB
A new online petition launched by the Canadian Federation of Independent Business (CFIB) is urging the federal government to…
Women-owned businesses suffering greater staff reductions due to COVID-19, report finds
During the COVID-19 pandemic, the percentage of women-owned businesses that have laid off 80 percent or more of their staff…
New survey reveals most popular federal COVID-19 support programs for businesses
The federal government’s Canada Emergency Commercial Rent Assistance (CECRA) program, aimed to help small businesses cover…
Lightspeed shows strong growth YoY, but revenues flat after COVID-19 quarter
Lightspeed POS has reported strong year-over-year growth as revenue and customer growth stayed flat due to the COVID-19 pandemic.…
VC deal volume sees slump in first half of 2020 amid COVID-19, CVCA finds
Venture capital and private equity deal volume fell in Canada during the second quarter of this year, as the COVID-19 pandemic…
Report: Canadian angel investment reached record-breaking $163.9 million in 2019
Angel investment reached a new record of $163.9 million in 2019, bringing angel activity to more than $1 billion in Canada…
While venture funding stays consistent, BC startup deal count sees Q1 decline
Venture funding in British Columbia (BC) reached $246 million over 50 deals in the first quarter of 2020, as Victoria emerged…
Report: altering Canada’s approach to public procurement could stimulate innovation
A new approach to public procurement might be an answer to Canada’s innovation problem, according to a recent report published…
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…
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…