Top Stories
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Abu Dhabi’s Mubadala invests in Koho, valuing the fintech at $1.33B
The new funding is a boost for the Toronto-based fintech as it attempts to secure a banking licence -
OMERS investment chief departs for Singapore’s Temasek
Ralph Berg is leaving the pension fund, where he led a shift in private equity strategy
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Latest Stories
Business
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Bay Street backs Canada’s AI strategy, but warns the devil is in the details
Many major financial firms support the new AI plan but say it is short on tax and privacy details -
Nations Royalty was Canada’s first majority-Indigenous-owned public company. It doesn’t want to be the exception
The company is working with TMX Group to encourage Indigenous communities to use public markets to build long-term wealth -
Toronto and Vancouver aren’t getting a World Cup bookings boom
Demand for short-term rentals in Vancouver is lower for the World Cup than it was a year ago. In Toronto, some hotels are dropping rates to try and fill rooms. -
Tim Hortons and Neo Financial are ending their loyalty credit card partnership
Branded credit cards are no longer Neo’s “core strategy,” executive says -
Amazon ‘significantly impaired’ attempts to seal union deal, mediator finds
The e-commerce giant slowed down negotiations and attempted to cut the union out of key decisions, according to a mediator appointed to try and break an impasse between the two parties
National
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Diversifying trade requires banks to take bigger risks, official advised Carney before CIBC meeting
Helping firms take the leap into new markets was a key theme of Carney’s meeting with CIBC boss Harry Culham, a memo obtained by The Logic shows -
Canada is struggling to collect $311M in duties for fraudulently labelled U.S. chicken
A crackdown on mislabelled “spent fowl” uncovered rampant tariff evasion. The hard part is recouping the cash. -
A Canadian leader in nuclear fusion comes home—with big plans to make power
Stellarex co-founder Spencer Pitcher made his name researching fusion in labs across the Atlantic. Now, his startup wants to build a commercial reactor in Canada. -
Minister tells CRTC to start over on Cancon spending rules for streamers
The regulator’s demand that major streamers spend 15 per cent of Canadian revenues on Canadian content drew fire from the U.S. -
Why Canada’s wait-and-see approach to U.S. trade talks just might work
Canadian political and business leaders see little reason to cough up concessions as the review of the North American trade pact inches closer. But there are risks to playing it cool.
Tech
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Canada’s new AI strategy aims to boost firms selling overseas
AI executives say being Canadian can help firms make international sales. First, though, Ottawa needs to step up on procurement and export support. -
Tech leaders welcome new AI funding but warn against government overreach
Canada’s new AI strategy includes funding to help domestic firms grow and commercialize the technology. How well that money works may depend on how much Ottawa is willing to get out of the way. -
AI strategy includes few measures to head off harms, critics warn
Ottawa’s AI plan doesn’t detail how the government intends to protect children from risks the technology poses. Carney says that law’s coming within weeks. -
Canada’s new AI strategy sets lofty goals for adoption and growth
Ottawa believes widespread AI adoption could add almost $200 billion to the economy—and it’s investing hundreds of millions of dollars in a bid to get there -
Canada’s new AI strategy includes $500M fund to back key firms
Ottawa also plans to expand funding for AI adoption, researchers and commercialization as part of a suite of new and renewed programs, The Logic has learned
Reach Canada’s Business, Tech and Policy Leaders
The Big Read
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Canada’s AI boom is about to collide with a major labour shortage
From data centres to housing, ports and pipelines, there’s a lot to build. The problem is there aren’t enough skilled tradespeople to do the building.
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ApplyBoard faces a reckoning as Canada’s immigration boom turns into a bust
The edtech unicorn turned the foreign-student bubble into a $4-billion Trudeau-era success story, but let workplace norms take a back seat to growth. Now everyone’s feeling the hangover. -
The Big Six’s visible—and invisible—bets on the AI data-centre boom
Canada’s biggest banks have at least US$37 billion in holdings in U.S-listed data-centre and digital infrastructure firms. Some global lenders are looking for ways to hedge their risk. -
Anthropic’s Mythos cracked software open like an egg. It’s just the beginning
Groundbreaking AI models like Mythos are finding software vulnerabilities faster than developers can patch them
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