The Canadian Venture Capital and Private Equity Association (CVCA) is urging Prime Minister Justin Trudeau to provide emergency funding to startups affected by the collapse of the Silicon Valley Bank. The association says that even though the FDIC stepped in and took control of SVB, its lending activities will likely be curtailed until it manages to find a buyer. The association is asking Trudeau to restart the emergency program initially established during the early days of the COVID-19 pandemic.
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