In a post on X, the Montreal-founded bitcoin company said hackers who stole US$320 million worth of funds from a reserve connected to a blockchain network they built have a chance to return the US$47 million they still hold. If they don’t, Blockstream said it “will pursue every lawful avenue available to us.” (The Logic)
Mexican President Claudia Sheinbaum met virtually with U.S. Commerce Secretary Howard Lutnick on Thursday to discuss trade before negotiators hold a fourth round of talks for the review of the North American trade pact in Washington, D.C., later this month. (Reuters)
The pension fund manager said the money will go into public and private investments that fit with its return objectives. Ontario Teachers’ manages about $303 billion in assets, with about a third of its portfolio currently in Canada. (The Logic)
Bank of Montreal said Friday it plans to deploy the new capital over 10 years to sectors it considers “critical” to Canada’s economic security and resilience. The capital could come through bank lending, debt capital markets activity and public equity raises, it said in a release. (The Logic)
The lender is targeting small and medium-sized Canadian defence and dual-use businesses, including in infrastructure, energy, cybersecurity, digital capabilities and advanced technologies. The bank said Thursday the program will combine financing with sector expertise and dedicated banking support. It has also built a national network of defence specialists within its commercial bank. (The Logic)
Fonds de solidarité FTQ is providing $25 million in financing to the Quebec City-headquartered firm, with the other $20 million from a provincial fund managed by Investissement Québec. Micrologic will use the new money to add to its capacity. (The Logic)
BDC Capital’s Industrial Innovation Venture Fund led the round, which combined equity and debt financing, with participation from Mistral Venture Partners, Staircase Ventures and Alpaca VC. The National Research Council of Canada’s Industrial Research Assistance Program is also providing funding to Ultimarii. (The Logic)
Such proposals will still be subject to environmental assessments, consultations with Indigenous Peoples and whatever provincial governments require, but not the more expansive examinations they’d get under the federal Impact Assessment Act, the Liberal government announced. The more specialized Canada Energy Regulator is also going to take over reviews of pipelines, major new power lines and offshore renewable energy projects from the Impact Assessment Agency. (The Logic)
Enhance Energy’s Origins CCS Hub will capture up to 1.5 million tonnes of carbon dioxide annually and is expected to be the largest such project in Canada when it begins operations in January 2027. The government-backed hub near Clive, Alta., will be Enhance’s second CCS project, and will offer industrial customers a much larger option for permanent CO2 storage in a saline aquifer. (The Logic)
In a speech at Scotiabank’s annual financials summit, chief executive Scott Thomson said the new tariff threats U.S. President Donald Trump issued Tuesday are unlikely to have a huge impact on credit performance unless conditions “erode pretty significantly.” While RBC CEO Dave McKay said that his bank also is not seeing credit challenges from the tariffs, he warned that transportation and logistics businesses are reporting losses and struggling with post-pandemic debt. (The Logic)