'Toronto ecosystem is on fire': Canadian tech shows resilience as storm clouds gather StephHughes95
Some 35,000 people from 130 countries flocked to Canada’s biggest city for the first live edition of the popular gathering of the technology industry’s jet set since the pandemic forced the event online in 2020. This year’s crowd was nearly 40 per cent bigger than the one that gathered in 2019, despite the destruction of hundreds of billions of dollars in paper wealth that has come with the collapse of tech stocks and crypto assets this year.
or putting hiring freezes in place, and many younger entrepreneurs — many of whom started their businesses during the pandemic — are staring down their first-ever bear market.Article content Michele Romanow, co-founder of Toronto-based CFT Clear Finance Technology Corp., the startup fundraising company better known as Clearco, acknowledged that the economy could be headed for a recession as central banks rapidly raise interest rates to put a lid on inflation. Still, she said she’s optimistic about Canada’s entrepreneurial resilience, pointing to the innovation boom the country has been seeing in recent years.
Conference participants gather at Collision in Toronto, which came amid unsettling market volatility.Sometimes, there were generational clashes. The event kicked off on June 21 with Vancouver-based Dapper Labs Inc. chief executive officer Roham Gharegozlou pushing back against, a recent buzzword in tech circles describing the “next iteration” for the Internet based on blockchain technology.at the event’s centre stage.
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