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…
Reports
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…
15 percent of Canadian occupations to decline by 2030, says Brookfield Institute
Fifteen percent of Canadians are currently working in occupations projected to decline by the year 2030, while 19 percent are…
Report: One-quarter of Canadian startups have made layoffs amid COVID-19
Nearly one-quarter of Canadian startups have made layoffs in the wake of the COVID-19 pandemic, representing 5.5 percent of…
Survey: Half of Canadian East Coast startups are feeling financial impact of COVID-19
About half of Canadian East Coast startups say they are feeling the financial impact of the COVID-19 crisis, according to a…
Nearly half of Canadian tech companies report decrease in value due to COVID-19, survey finds
Almost half of Canadian tech companies are reporting having experienced a decrease in company value because of the current…