Top Stories
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Mining the moon. Selling nuclear reactors. For this Canadian, it’s all part of the plan
In the throes of a pandemic-fuelled midlife crisis, Daniel Sax founded a company to mine the moon. Now he has federal space contracts, and wants to power the Arctic with microreactors.
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Latest Stories
Business
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OMERS investment chief departs for Singapore’s Temasek
Ralph Berg is leaving the pension fund, where he led a shift in private equity strategy -
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
National
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Rushing law to curb forced labour risks adding red tape with little effect, critics warn
Under pressure from the U.S., the Liberals are pushing forward legislation to beef up Canada’s ban on imports made with forced labour -
Bank of Canada leaves its key interest rate unchanged amid economic ‘dilemma’
Macklem says the central bank soon ‘may need to be nimble’ after holding rates steady for the fifth straight time -
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.
Tech
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Artificial Agency is ready to sell its AI tools to the games industry
The Edmonton-based firm has hired a games industry veteran to help sell its AI technology, which it says can make gameplay more realistic and dynamic -
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 -
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.
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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