Top Stories
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German security tech firm sets up shop at Mila to develop new AI tools
Giesecke+Devrient is setting up a 15-person office in Montreal to work on technology for currency, identity and connectivity -
Manulife and Intact buck a global trend by reporting AI returns
The two Canadian insurers are a rarity in an industry that has so far failed to show if AI investments are paying off -
Canadians could demand firms delete their personal data under new privacy bill
An expanded Digital Safety Commission would have the power to police data privacy and security in the AI age
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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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Big Tech says it will work with Ottawa on plan to ban kids from social media
The online safety bill would also allow a new regulator to levy fines of up to $10 million against companies that don’t follow the rules -
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
Tech
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Crypto firms are paying stablecoin rewards despite a looming federal ban
A federal proposal would ban such payments, even as regulators approve Coinbase under strict conditions -
Canadian mother sues OpenAI claiming ChatGPT encouraged her daughter’s suicide
Alice was 24 when she died by suicide. In a suit against OpenAI, her mother claims the firm’s chatbot answered questions about the relative effectiveness of certain suicide methods. -
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
Reach Canada’s Business, Tech and Policy Leaders
The Big Read
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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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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. -
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.
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