Top Stories
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Auditor general finds persistent weaknesses at Canada’s money laundering watchdog
Fintrac took nearly four months on average to deliver financial intelligence to law enforcement, relied on outdated technology and struggled to uncover new financial crimes, a new audit finds -
German industry groups push Berlin to join Canada-led defence bank
Eight major associations warn opting out of the DSRB would put Germany at a competitive disadvantage -
Canada’s new $800M customs tool is so glitchy that agents are using the old one
Two years after the online system launched, CBSA workers are losing 92,000 hours a year on manual workarounds, the federal auditor general found
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Latest Stories
Business
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Wealthsimple just raised $425M as its valuation hits $13.8B
Singaporean sovereign wealth fund GIC led the round, valuing the Toronto fintech 38 per cent higher than its last funding round a year ago -
An obscure data standard is the latest open banking holdup—and an unlikely political hot potato
The Financial Data Exchange is the most widely used technical standard for financial data sharing in North America, but Ottawa has questions about its American roots -
Ottawa is softening its ban on stablecoin yield
Issuers will be able to pay rewards on stablecoin balances that are based on transaction activity, not passive holding, under new draft regulations -
National Bank CEO warns AI alone won’t give banks a lasting edge
Amid an ambitious expansion plan, Laurent Ferreira says AI will mean banks face more intense competition and slimmer retail banking margins -
Underperforming AI agents at big banks face a very human pressure: Losing their jobs
Lenders are tightening oversight of AI agents and pulling the plug on tools that don’t deliver measurable results
National
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Why a midterm sweep for the Democrats won’t end Canada’s trade nightmare
Trump-weary Canadians are closely watching the U.S. midterms, hoping Tuesday’s result brings relief from the trade war. They may be in for a letdown. -
Canada faces a satellite-launch crunch as SpaceX retires its workhorse rocket
Investors are asking satellite companies how they’ll get to orbit, and it’ll be years before Canada’s homegrown rockets offer a solution -
Adam Waterous proposes massive crude exports to Asia by rail through northern B.C.
The oil tycoon’s plan to ship 250,000 barrels a day and build a terminal in Prince Rupert would require an exemption from Ottawa’s north coast tanker ban -
Alberta business leaders welcome relief from separation anxiety
Albertans’ emphatic vote to stay in Canada halts “a costly endeavour” that distracted the province from pressing issues, says head of business council -
Panel decries Canada’s chaotic way of funding world-class science
An expert panel warns that haphazard funding is holding back Canada’s leading research facilities, and urges Ottawa to give them a shared agenda
Tech
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Ranovus wants to buy the federal government’s prized chip foundry
CEO Hamid Arabzadeh says the federal photonics fabricator will be among the first targets of the chipmaker’s new venture arm -
Ottawa opens bids for its new $1.75B venture funding program
The program aims to attract billions in private investment, with most of a separate $750-million fund earmarked for later-stage companies -
RBC’s AI chief sounds the alarm over AI agents
Bruce Ross says the bank is concerned about letting AI agents access customer accounts and move money without the right safeguards in place -
Microsoft beefs up its digital sovereignty tech as businesses seek more control
Canadian customers will be able to run more cloud and AI services on their own infrastructure, as concerns grow about an overreliance on U.S. technology -
Anthropic revealed as client for EverWind’s $10B Nova Scotia data centre
The 95-megawatt facility will power Anthropic’s Claude AI models and is set to come online in late 2027
Reach Canada’s Business, Tech and Policy Leaders
The Big Read
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Digital trade and critical minerals emerge as key pieces in new Canada-EU partnership
Defining “associate membership” is taking a back seat to more immediate goals as Carney and von der Leyen prepare to meet in Montreal
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What business wants from the 2026 federal budget
Major projects, the trade war and Ottawa’s deluge of planned defence spending shaped many of the asks for this year’s federal budget -
Beacon is building an AI empire by fixing Main Street’s software
The Toronto-based firm buys companies that make technology for niche markets, like camp grounds and soccer leagues, then adds staff and tools to boost revenue and profits -
Alberta’s referendum is just the start of the turmoil
The bruising battle over separation has left business owners anxious and immigrants feeling unwelcome. If Albertans agree on one thing, it’s that Monday’s vote will not bring closure.
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