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Canadian venture capital funding is on a tear in 2019, and investments hit their highest point on record in the third quarter.

Overall, venture investors put a mammoth US$1.8 billion to work in Q3 of this year, according to the Canadian Venture Capital & Private Equity Association (CVCA), which published its latest quarterly results this week. It’s the highest quarterly total since they’ve been tracking and almost 80 percent above Q2 levels.

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