Canada’s Tech Startups Head to the US, and Carney Wants Them Back

Canadian tech startups, like Zūm Rails Inc. co-founded by Miles Schwartz, are increasingly seeking funding and opportunities in the U.S. after facing rejection from Canadian venture capitalists. This trend highlights a broader issue where Canadian innovation is looking south for support, prompting discussions about how to retain homegrown talent. Meanwhile, there's a growing call from Canadian officials, including Carney, to create more favorable conditions for these startups to stay and grow in Canada, underscoring the potential economic benefits of nurturing local tech ecosystems.