Business

‘American VCs were hungrier’: Canada tries to stop startups from moving to U.S.

Financial Post · September 17, 2026 at 11:06 a.m.

When Miles Schwartz co-founded payment company Zūm Rails Inc. in Montreal in 2019, he knocked on almost every Canadian venture capitalist’s door looking for funds.

They all turned him down.

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‘American VCs were hungrier’: Canada tries to stop startups from moving to U.S.

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