The Liberal government introduced legislation on Friday that would empower the foreign affairs minister to publish a list of goods from specific producers or regions suspected to have been made with forced labour—and demand importers be ready to prove otherwise before border agents let the items into Canada. (The Logic)
The operator of the Toronto Stock Exchange said the deal will increase its recurring revenue as well as its revenue from outside Canada as it tries to build an “index factory.” On a conference call, TMX CEO John McKenzie said the RAFI acquisition “supercharges” the company’s ETF business. (The Logic)
The Swedish furniture giant co-led the round alongside New York-based food-tech investor Lever VC. NS/TX, the parent company of New School Foods, will use the money to expand manufacturing capacity for its alternative protein products produced at its Toronto facility. (The Logic)
The Liberal government’s 10-year plan to improve food affordability and security commits $1 billion to make it easier for independent grocers and local farmers to compete with major chains on price and distribution, including by building two new food terminals. (The Logic)
Canada approved fewer than 7,000 visitor visas and electronic travel authorizations for travellers citing FIFA events as their reason for travel between Nov. 14 and March 31, according to data obtained by The Logic. (The Logic, Toronto Star)
Speaking at the Eurasia Summit on Thursday, PSP Investments CEO Deborah Orida said investors are operating in a "new investing regime," arguing that infrastructure investments may become more attractive as inflation remains volatile, while private equity returns can no longer rely on cheap leverage and rising valuations. (The Logic)
The federal agency is providing up to US$475 million in financing to keep the Mary River mine operating—including bringing in supplies during the summer shipping season to northern Baffin Island—while Baffinland deals with a cash crunch, broken debt obligations and liabilities that exceed its assets by US$761 million. (The Logic)
Elon Musk’s xAI failed to install safeguards before launching AI chatbot Grok’s image-generation tool, said privacy commissioner Philippe Dufresne, but there’s little the commissioner’s office can do to quickly block the sexually abusive material it says the platform is still spewing. (The Logic)
The Science Based Targets initiative (SBTi)—the leading standards-setting body for corporate climate targets—will let companies remain compliant even if they miss their carbon targets, as long as they’ve made their “best efforts” to meet them. The change is a recognition "that companies do not control everything,” the group said, “and that pretending otherwise does not serve anyone.” (The Logic)
Speaking at a Eurasia Group event in Toronto on Thursday, Annesley Wallace said that traditional approaches to assessing risk and return in different asset classes are becoming harder with AI increasingly touching more sectors. (The Logic)