This past week, while Americans were preparing for Thanksgiving, the government of Canada made a landmark commitment to social finance that we should all be thankful for. In its Fall Economic Statement, the federal government earmarked an unprecedented $805 million to advance social and environmental solutions, as part of its broader push to invest in middle […]
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Impact investors are increasingly gravitating to place-based investing. The latest example: a new impact investing fund in Canada that will focus on loans to social and environmental enterprises in Southwestern Ontario. The VERGE Breakthrough Fund, as it is called, also underscores the willingness of impact investors to experiment with new approaches. The fund was created […]
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Some Americans may envy Canada’s charming president and progressive politics, but when it comes to investment crowdfunding, the two countries are in the same boat. In an appeal to government regulators this week, Canadian crowdfunding and financial tech advocates called out an “urgent need for regulatory changes and government support” for Canada’s entrepreneurial and capital […]
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Investing in local businesses, rather than in publicly traded corporations, is an idea generating interest globally. But until recently, that was hard to do in the U.S., thanks to federal and state laws that have impeded such investments by average citizens. The JOBS Act, passed in 2012 and fully implemented last May, has lowered many […]
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As a light snow blanketed Toronto, more than 400 people converged for the second annual Canadian Crowdfunding Summit March 2-3 in Toronto. Attendees had much to talk about: since the last time they gathered, Canada had enacted three new securities exemptions and begun harmonizing rules across the country. The new rules coincide with a spike of […]
The crowdfunding ice melted in the Great White North last month when a group of six Canadian provinces adopted a common set of rules for equity and debt crowdfunding. The rules, released on May 14 and effective immediately, allow non-public companies in participating provinces to raise up to CAD $250,000 per offering, with two offerings […]