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Canadian VC Funding Hits Record While U.S. Investors Scale Back

It’s a good time to be a startup, as long as you’re in Canada. 

Canadian startups raised a record amount of money in the first quarter of 2016, according to PitchBook Data, which tracks venture capital and private-equity investments. That’s a notable achievement when venture capitalists in the U.S. are tightening their purse strings. The first three months of 2016 saw the lowest number of U.S. venture deals in four years.