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Venture capital funding of Canadian technology startups reached an eight quarter high, with artificial intelligence soaking up a growing share of the investments, according to an industry report.Canadian VC backed companies received $1.1 billion of capital in 81 deals in the third quarter, more than double the prior period amount and pushing the total to US$1.8 billion for the year, PricewaterhouseCoopers LLP Canada and tech data firm CB Insights said Wednesday.this momentum, we look forward to a strong close to the year, Chris Dulny, national technology sector leader, PwC Canada said in the report. Artificial intelligence is having a record year, iPhone x case having received US$191 million and fintech investment is on also on pace for a solid finish, the report said.The Canadian technology sector has been gaining momentum. Facebook Inc.

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cheap iphone Cases OTTAWA Canadian household debt as a share of income dipped in the first quarter but remained near record highs, Statistics Canada said on Wednesday in a report likely to reinforce concerns that consumers are becoming overextended.The ratio of debt to disposable income edged down to 166.9 per cent from an adjusted 167.2 per cent in the fourth quarter. That meant Canadians owed $1.67 for every dollar of disposable income.The Bank of Canada which warns borrowers that interest rates will one day move up from near record lows last week said rising consumer debt levels and an unbalanced housing market had raised household vulnerabilities.Average payments on new mortgages climbing faster than inflation, CMHC saysWhy consumers should be wary of using the wildly popular home equity lines of credit as ATMsMore than half of Canadians say they aren't financially prepared if interest rates jump, expenses rise: surveySeparately, data showed Canadian home prices rose in May as Toronto remained robust despite recent government efforts to cool the market, while prices in Vancouver picked back up to hit a fresh peak.Policy makers are worried about a possible bubble in both cities. Years of low rates since the global financial crisis, as well as rising home prices, have prompted Canadians to steadily increase their debt.RBC Economics economist Laura Cooper said the slight dip in the household debt ratio reflected a slowing in debt accumulation in the quarter rather than an improvement in household balances Teranet National Bank Composite House Price Index, which measures changes for repeat sales of single family homes, showed prices rose 2.2 per cent last month.While other recent data suggested activity in the Toronto market cooled in May, Wednesday report pointed to accelerating price growth in the resale market.Low rates allow consumers to pay down more of their mortgage principal cheap iphone Cases..
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