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Canada’s first vaping-related illness reported at Middlesex-London Health Unit

A high-school-aged youth has been diagnosed with “severe respiratory illness,” and was on life support, but is now recovering, said Dr. Christopher Mackie, CEO of the health unit, in a press conference Wednesday. Mackie declined to specify the brand of the vape used and whether it contained cannabis. Seven deaths have been reported in the U.S., in cases mainly involving black-market vapes that contained THC, the psychoactive ingredient in cannabis. (The Logic, Gizmodo)

TouchBistro raises $158-million Series E led by OMERS Growth Equity

Other investors included Barclays Bank, RBC Ventures and BMO Capital Partners, as well as previous investors including OMERS Ventures, JPMorgan Chase and BDC Capital’s IT Venture Fund. The funds will be used to develop the next generation of TouchBistro’s restaurant point-of-sale (POS) software and new payment systems, and to expand into new markets. (The Logic)

ArcTern Ventures announces $165 million for cleantech fund, eyes $200-million goal

The Toronto-based venture capital firm was set up in 2012 by Murray McCaig, a former cleantech and private equity executive, and software entrepreneur Tom Rand. Investors in the fund so far include TD Bank, Suncor, BDC Capital, OMERS and Equinor. The new capital pool is the largest cleantech venture fund in Canada, according to ArcTern’s release; it was originally seeking to raise $150 million. (The Logic)

Atlantic Canada’s tech firms contributed $6.1 billion to its economy in 2017

Tech’s annual impact on the region’s economy increased from $5.2 billion in 2014, according to a report from the Atlantic Provinces Economic Council, an independent policy research firm that analyzed 463 local digital companies. Most were small; 44 per cent had less than $1 million in revenue and fewer than 20 employees. The industry accounted for three per cent of the region’s total economy. (The Logic)

Canadian household wealth fell 1.1 per cent in 2018

The average dropped to $678,792 per household, according to a study from Environics Analytics, a data and marketing firm. Household wealth measures assets, like real estate, minus debt, like mortgages. (The Logic)

Restore India’s special trade status to end retaliatory tariffs, say 44 members of Congress

In June, the Trump administration revoked India’s status in the Generalized System of Preferences program, which allowed some imports like auto parts and textiles from approved countries to avoid duties. Twenty-six Democrats and 18 Republicans signed the open letter to U.S. Trade Representative Robert Lighthizer calling for it to be restored. India was the largest user of the program—US$6.3 billion worth of exports to the U.S. in 2018 received the duty waiver. (Reuters, Press Trust of India)

WeWork CEO admits he’s ‘humbled’ as IPO delayed until at least October

In a webcast to employees Tuesday, co-founder and CEO Adam Neumann said he felt he knew how to run a private firm, but had received feedback on how he should lead one that’s soon to be public. He did not take questions after the presentation. The announcement of the delay had come the previous evening, amid investor doubts over the company’s valuation and concerns around its corporate governance. WeWork’s bond prices fell on the news, with the yield on its US$702 million of junk debt rising to 8.9 per cent; when it first borrowed the funds, its yield was 7.88 per cent. (Financial Times, Wall Street Journal)