Layoffs spreading across industries in the U.S.
U.S. workers are facing a job market defined by stalled hiring and a growing wave of layoffs, as companies across industries cut costs, restructure operations and redirect spending toward automation and artificial intelligence. Economists say many employers are operating in a “no-hire, no-fire” mode, limiting new openings amid economic uncertainty. Hiring has slowed sharply, with […]
MaRS IAF marks 200th investment in Canada, tops $100M deployed
As global venture capital tightens and international accelerators pull back from Canada, the MaRS Investment Accelerator Fund (IAF) announced this week that it has completed its 200th investment. Since launching in 2008, the fund has deployed more than $100 million into Ontario-based startups, with a focus on pre-seed and seed-stage companies. The 200th investment went […]
U.S. startup incubator removes Canada from list of eligible investment countries
Y Combinator has removed Canada from the list of countries where it will invest. The San Francisco–based accelerator, known for backing companies such as Airbnb, DoorDash and Coinbase, updated its standard terms to exclude Canada as an eligible jurisdiction. Canadian startups applying to Y Combinator would need to “flip” their parent company and incorporate in […]
