The position could serve a policymaking role or serve as a coordinator between the Justice Department and Federal Trade Commission, which are both responsible for competition issues, sources told Reuters. (Reuters)
Signed in July 2020, the $6.8-million agreement saw Beijing-based Nuctech provide X-ray machines to Canadian embassies. The U.S. government was concerned about the deal, as Nuctech has close ties to the Chinese government and military. (Ottawa Citizen)
After nearly three months of silence, the Alibaba co-founder spoke today at an annual event he hosts to recognize rural teachers, and toured a primary school in his hometown of Hangzhou. (Bloomberg)
CEO and co-founder Allen Lau said nothing will change about the Toronto-based firm’s growth plans after its US$600-million sale to South Korean search-engine company Naver. Lau, who will stay on as CEO, said Wattpad will continue to operate independently and will speed up hiring. (BetaKit)
On his last full day in office Tuesday, outgoing president Donald Trump pardoned Anthony Levandowski, who worked for what is now Waymo, Google’s self-driving-car division. (The Verge)
The Chartered Professional Accountants of Canada (CPA) this month registered to lobby the federal government for the first time, hoping to discuss Canada’s role in supporting a global financial reporting standard for sustainability. (The Logic)
The Power Sustainable Energy Infrastructure Partnership will see the Desmarais family holding company partner with National Bank of Canada, Great-West Lifeco, Desjardins Group and Switzerland-based Après-demain to invest in new North American renewable-energy assets. (The Logic)
The deal, which will see Saint-Jérôme, Que.-based company deliver the buses to a Quebec transport firm by 2026, is the biggest in Lion’s history—and, it says, the biggest so far in North America. (La Presse)
Shares of Kits, where serial entrepreneur Hardy serves as CEO, started trading on the Toronto Stock Exchange this morning in an initial public offering that netted the company gross proceeds of $55 million. (The Logic)
OMERS Ventures led the Series B round, alongside existing backers Whitecap Venture Partners and Round 13 Capital. The company, which opened an Austin office in December 2019, makes checkout, subscription, pricing and other plugins for e-commerce platforms. (The Logic)