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    Canada ranks ‘dead last’ for creating billion-dollar companies, despite ample access to capital

    Kik Interactive is Canada’s only private company with a valuation of at least US$1 billion. This week, it shut down its messaging app and cut its workforce from more than 100 employees to 19. Kik
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    Canada ranks last among OECD countries in the number of private billion-dollar companies—or unicorns—it produces per US$100 million invested, according to a new report. The country is so far behind its peers that it would rank last even if it produced four times as many unicorns. 

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