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-0.00351408592354214 -0.00517055740265286 -0.00398736348900225 -0.00706366766449363 -0.00560833915070345 -0.00919341670906446 -0.00722694842457744 0.0050049102547415
Stock impact report

Canadian tech companies have options in wake of SVB collapse: Analyst [BNN Bloomberg (Canada)]

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: BNN Bloomberg
John Ruffolo, founder of Maverix Private Equity, said the failure of SBV Financial Group, an “iconic” funding player in the technology industry, had more to do with the bank's management decisions than its overall business. He argued Canadian banks would likely not have an issue stepping in to take on SVB's Canadian clients, which include major e-commerce company Shopify Inc. “The companies that they have on their books, I'm sure the Canadian banks would love to have them on their books,” said Ruffolo, who is also a former CEO of Omers Ventures, in a Monday television interview with BNN Bloomberg. SVB's Friday collapse came after a failed bid to raise cash and a bank run as many of its tech-concentrated clients fled . The bank's failure – the second-largest in U.S. history – has prompted concerns about oversight of the industry Canada's banking regulator has taken control of SVB's Canadian branch , which did not take commercial or retail deposits, and is seeking to wind up th Show less Read more
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