Business Brief: How homegrown successes are paying off – but not for Canadians

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A dramatic shift in the way startups get funded is hurting the economy. Also in today’s edition: Streaming wars and a rental riddle

Private and public markets have historically enjoyed a symbiotic relationship in Canada: Private money helps bring startups public, private money gets an exit, startups grow in Canada. Today, Jameson Berkow casts a light onStreaming platforms launch legal challenges to new Canadian tax

Music streaming platforms Amazon, Apple and Spotify also filed a legal challenge in the Federal Court of Appeal over the CRTC’s decision to compel them to make financial contributions in Canada under the act.A decades-long trend of private capital playing an increasingly prominent role in building startups into mature companies is robbing average Canadians of the opportunity to participate in their own homegrown success stories, Jameson Berkow reports.

Roughly half involved private investors buying public companies, and the others were sales from one private investor to another. According to my analysis, those lines seem to be getting shorter. That might speak volumes on the direction of Canada’s overall economic direction, but what to make of it on an individual level? We presented Jameson with a scenario:. I might have time to read one story on Saturday while I’m “watching” my younger child running around a soccer field. Why should it be this?

 

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