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Stock impact report

Canada's tech start ups face financing hurdles with SVB collapse [Reuters]

Shopify Inc. - Class A Subordinate Voting Shares (SHOP) 
Last shopify inc. - class a subordinate voting shares earnings: 2/12 07:00 am Check Earnings Report
US:NYSE Investor Relations: investors.shopify.com/home/default.aspx
Company Research Source: Reuters
That would be bad news for a sector that took a beating in 2022, which has made investors more risky averse in early stage investments. "I would say this is probably the worst possible time (for this to happen) in the last decade because of the tech pullback we've had," said Neil Selfe, CEO at advisory INFOR Financial. Register for free to Reuters and know the full story SVB's Canadian division, which received a license to operate in 2019, competed against other banks and private lenders to help finance the growth of the Canadian technology sector, before it collapsed on Friday. It had doubled its secured loans to C$435 million ($314 million) in 2022 from previous year. Canada had come to be known as the world's second-biggest global tech hub in the world after Silicon Valley, Kim Furlong, CEO of Canadian Venture Capital and Private Equity Association told CBC News on Monday. Companies including Shopify Inc (SHOP.TO) were examples of Canada's tech success story, which helpe Show less Read more
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