CHART - In it’s final state of the market report released in February, Silicon Valley Bank (SVB) concluded the revenue rate for Canadian companies making up to $10 million a year was higher than that of their U.S. counterparts for five quarters in a row. U.S. firms had a 38 per cent higher burn rate — the speed at which a company consumes its cash reserves — than Canadian firms between the Q1 of 2020 and Q4 of 2022. THE CANADIAN PRESS/Sean Vokey