In the first quarter of 2026, Canada’s startup ecosystem closed just 104 venture deals. That was the lowest quarterly count since 2017, according to the Canadian Venture Capital and Private Equity Association (CVCA). Ontario, home to the country’s largest tech cluster, took only 15.5 per cent of the capital that quarter. British Columbia and Quebec each brought in roughly twice as much. Then the second quarter swung the other way. By the end of June, investors had put $2.69 billion into 250 Canadian deals, up 17 per cent in dollars from the first half of 2025. For a market that…
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