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

    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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