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The Investment Environment Executive Summary
A s in previous years, angel organization managers were asked to rate the current climate in Canada for angel investing on a scale of 1 (very poor) to 10 (ex- cellent). Their view of the investment climate reflects the situation in early 2023 when this information was collected. Scores range from 2 to 8. Investment senti- ment has dropped sharply compared with the COVID-19 pandemic years of 2020 and 2021 and is much lower than in earlier years. The median score of 5 compares with 6 in both 2020 and 2021 and 7 in the previous four years (2016-2019). The mean score is 5.2, a sharp drop from previous years when it ranged between 6 and 7.
This is likely to reflect the deteriorating economic con- ditions during the second half of 2022 caused by rising inflation and interest rates along with the downturn in the tech sector.
2023 ANNUAL REPORT ON ANGEL INVESTING IN CANADA
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