Growth Stocks Soar: 1 Top Canadian SaaS Stock to Buy in April 2021
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Canadian growth stocks bounced back big time on Thursday, as the 10-year U.S. Treasury note yield pulled back by seven basis points.
In numerous prior pieces, I’ve encouraged investors to embrace the carnage in the growth and tech scene by buying the dip and the correction suffered by the growth-heavy Nasdaq 100. I’ve noted that bond yields could retreat just as they could ascend, noting the possibility of reverse rotations from value back into growth. Indeed, we witnessed a huge reverse rotation to end the shorted trading week, as the Nasdaq 100 surged nearly 2%, while the value-heavy Dow Jones Industrial Average inched up 0.5%.
Report: Late-stage Canadian venture deals increase in 2020, driven by influx of US capital
The share of late-stage Canadian tech venture deals increased in 2020 amid an influx of capital from investors based in the United States, according to a new report from Silicon Valley Bank.
Silicon Valley Bank’s quarterly State of the Markets report analyzes the state of venture capital and investing in the United States, as well as other international tech ecosystems. The report’s information pertaining to Canada is sourced from private market data company PitchBook, as well as Silicon Valley Bank’s own data and analysis.
“This increased late-stage capital could be crucial in giving Canadian startups a greater ability to scale.”