Canada’s tech sector braces for potential downturn as shares drop, inflation rises

Canada’s tech sector braces for potential downturn as shares drop, inflation rises

Tara Deschamps, The Canadian Press Printed Monday, June 6, 2022 1:35PM EDT Final Up to date Monday, June 6, 2022 1:35PM EDT TORONTO — When Jack Newton seems to be across the tech sector, he has a way of whiplash. During the last two years, tech shares soared as traders poured cash into startups with pandemic-friendly services and products, equivalent to a Fully-Verified high-tech start-up for distant identification verification. However in current months, the top of Burnaby, BC-based authorized software program firm Clionoticed the exuberance light and now some share costs have plummeted 50 per cent from their COVID-19 highs…

TOP