News Summary

Startup Genome’s 2025 global startup ecosystem rankings reveal a mixed performance among Canadian cities. Toronto-Waterloo, Vancouver, and Ottawa have seen declines in their rankings due to weak startup funding and other factors. Toronto-Waterloo dropped from 18th to 20th place globally and Vancouver from 34th to 36th. Ottawa also fell in its category, while Montréal and Calgary maintained their positions. The report highlights the Canadian startup ecosystem’s reliance on American venture capital, raising concerns about long-term sustainability amidst global trade tensions.