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Search resuls for: "Canada's Tech"


5 mentions found


☆ The U.S. has lost thousands of tech workers to Canada — here's why
  + stars: | 2023-11-14 | by ( Sydney Boyo | ) www.cnbc.com   time to read: +3 min
As of last month, the Canadian government says more than 6,000 U.S. H-1B visa holders had arrived in Canada so far this year. That's after massive layoffs left high-skilled foreign H-1B holders in limbo. The H-1B program targets highly educated and specialized foreign workers in fields such as tech and health care. The study also shows that Canada now has 1.1 million tech workers, and Toronto and Vancouver ranked among the top 10 tech cities in the U.S. and Canada. To learn more about how Canada is targeting H-1B visa holders, watch the video.
Persons: Annie Beaudoin, Harnoor Singh, Frederick Anokye, Kubeir Kamal, I'm, Marc Miller wasn't Organizations: Google, Microsoft, Meta, Apple, U.S . Citizenship, Immigration Services, Micron, College of Immigration, Citizenship, Canada's Tech, Vancouver, Canadian Locations: Canada, Canadian, U.S, India, Ghana, Toronto
☆ U.S. bank crisis 'unlikely' to spill over to Canada, analyst says
  + stars: | 2023-03-20 | by ( Divya Rajagopal | ) www.reuters.com   time to read: +4 min
read more"The U.S. contagion is unlikely to spill over to Canadian banks as the issues in U.S. are unique and specific to certain business models or lending activities," said James Shanahan, banking analyst with Edward Jones to Reuters. REGIONAL BANK SCRUTINYCanadian banks emerged stronger from the 2008 global financial crisis due to prudent regulations and since built a reputation for financial stability. The Canadian banks have kept their focus on domestic lending and majority of their earnings come from serving local clients. But in recent years, Royal Bank, BMO, TD Bank and CIBC (CM.TO) have expanded into the United States by buying regional lenders to benefit from strong growth in second-tier U.S. cities. However, last week the regional bank's stock was hit after the SVB collapse.
☆ U.S. bank crisis 'unlikely' to spill over to Canada, analysts say
  + stars: | 2023-03-20 | by ( Divya Rajagopal | ) www.reuters.com   time to read: +4 min
"The U.S. contagion is unlikely to spill over to Canadian banks as the issues in U.S. are unique and specific to certain business models or lending activities," said James Shanahan, banking analyst with Edward Jones to Reuters. REGIONAL BANK SCRUTINYCanadian banks emerged stronger from the 2008 global financial crisis due to prudent regulations and since built a reputation for financial stability. The Canadian banks have kept their focus on domestic lending and majority of their earnings come from serving local clients. But in recent years, Royal Bank, BMO, TD Bank and CIBC (CM.TO) have expanded into the United States by buying regional lenders to benefit from strong growth in second-tier U.S. cities. However, last week the regional bank's stock was hit after the SVB collapse.
☆ Canada should support startups after SVB collapse, says lobby group
  + stars: | 2023-03-16 | by ( ) www.reuters.com   time to read: +2 min
TORONTO, March 16 (Reuters) - A lobby group for Canada's venture capital and private equity funds is asking Prime Minister Justin Trudeau's government to provide emergency financing to help startups hit by the collapse of Silicon Valley Bank (SVB), according to a letter seen by Reuters on Thursday. Spokespeople for Ng and Finance Minister Chrystia Freeland's office could not immediately be reached for comment. Reuters reported on Monday that the sudden collapse of SVB could choke funding for Canada's technology start-ups and place them in the hands of domestic lenders who may be more selective. The letter also asked the government to instruct the Business Development Bank of Canada to deploy a bridge financing program similar to the one used at the outset of the COVID-19 pandemic. ($1 = 1.3755 Canadian dollars)Reporting by Maiya Keidan, additional reporting by David Ljunggren; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.
☆ Canada's tech start ups face financing hurdles with SVB collapse
  + stars: | 2023-03-13 | by ( Maiya Keidan Divya Rajagopal | Maiya Keidan | Divya Rajagopal | ) www.reuters.com   time to read: +3 min
TORONTO, March 13 (Reuters) - Last week's sudden collapse of Silicon Valley Bank (SVB) could choke funding for Canada's technology start-ups and place them in the hands of domestic lenders who may be more selective in financing new ventures, financiers told Reuters. Companies including Shopify Inc (SHOP.TO) were examples of Canada's tech success story, which helped pull more investments into the sector. Benjamin Bergen, president at Council of Canadian Innovators, a lobby group for Canadian technology companies, agreed. "Before SVB went down, accessing capital was increasingly becoming tighter and tighter for Canadians for startups for scale ups," he said. Aside from the banks, the federal government also has a Venture Capital Catalyst Initiative program that invests in promising Canadian technology companies.
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