News Pick – Silicon Valley Bank sets sights on Canada – G&M

Silicon Valley Bank

May 4, 2017 – “A leading U.S. bank catering to technology companies and venture capitalists is putting down roots in Canada, hoping to be a lender of choice for the next wave of Canadian innovators. Silicon Valley Bank, based in Santa Clara, Calif., filed an application Thursday with Canada’s banking regulator for a license to open a lending branch in Toronto. Its push into Canada comes just as the federal government has unveiled an innovation-friendly budget pouring hundreds of millions of dollars into venture capital investments, clean technology firms and the flourishing artificial intelligence (AI) sector. In early 2016, Prime Minister Justin Trudeau pitched Canada as a hub for technological innovation to billionaires and global leaders at the World Economic Forum in Davos.” Read more at The Globe and Mail