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Wealthsimple raising $750 million in latest deal

Winnipeg Free Press By: Tara Deschamps, The Canadian Press Posted: Last Modified: 1:48 PM CDT Monday, May. 3, 2021 Save to Read Later TORONTO - A new financing deal involving plenty of star power and venture capital investors has pushed Wealthsimple s valuation to $5 billion and has its CEO anxious to build the brand even further. A Wealthsimple Trade app icon is shown on a smartphone on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Jesse Johnston TORONTO - A new financing deal involving plenty of star power and venture capital investors has pushed Wealthsimple s valuation to $5 billion and has its CEO anxious to build the brand even further.

Drake, Ryan Reynolds among latest Wealthsimple backers in $750 million funding round - Business News

Drake, Ryan Reynolds among latest Wealthsimple backers in $750 million funding round - Business News
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COVID-19 has been much harder on those who already had anxiety and financial issues

An Ottawa store sign in March 2020. THE CANADIAN PRESS/Adrian Wyld These economic changes have resulted in much greater financial stress for many Canadians than they had faced prior to the pandemic. The financial fallout of the pandemic often loomed larger than the health threat. As Loretta, a 43-year-old clerical worker, told us as part of our research into the pandemic: “To me, the word ‘stress’ is really more financial than anything.… I was like, ‘Oh, I gotta really think about how I’m spending my money and where I can cut back.’ The stress for me wasn’t really COVID-specific in terms of illness, catching it, transmitting it.”

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