Tobi Lütke said in a series of posts on X that the government’s millions of dollars to support Nokia’s Kanata, Ont.-based campus, which it broke ground on earlier this week, is “toxic.” (The Logic)

Talking point: Lütke said the federal government is effectively bribing Nokia to have jobs in Canada by subsidizing each job with hundreds of thousands of dollars of taxpayer money, calling it a decades-long form of “FDI” that civil servants wrongly see as beneficial. The Strategic Response Fund’s innovation stream contributed $40 million to the project. Lütke claimed he had “spent a lot of time” trying to convince civil servants in Ottawa of his views. He is one of several prominent entrepreneurs who has backed Build Canada, a platform launched in February to influence government policy. Carney recently said the government relied on Shopify’s opinion on how to overhaul its scientific research and experimental development tax credit.