The Regina-based private investment firm is targeting private mid-market-size companies for First Nation and Métis communities to invest in. The company also announced Wednesday that it acquired education platform Four Seasons of Reconciliation for an undisclosed amount. (The Logic)
NextStar Energy, a joint venture between Chrysler parent company Stellantis and South Korean electronics giant LG Energy Solution, reached a tentative agreement for employees at its Windsor, Ont., battery plant, spokesperson Daniela Ferro confirmed. The union’s Local 444 branch said members will vote on whether to ratify the agreement this Sunday. (The Logic)
Countries that have a free-trade pact with Canada will face a 50 per cent tariff on any steel they ship to the country above 2024 levels. Those without a free-trade agreement will only be able to sell half of what they sent to Canada in 2024 before 50 per cent tariffs kick in. The change won’t impact trade with the U.S. or Mexico. The new policy also targets steel melted and poured in China with an extra 25 per cent tariff. (The Logic)
The condo market’s collapse is now beginning to “wreak havoc” as inventory piles up to a record high, according to the president of Toronto-based real estate consulting firm Urbanation, Shaun Hildebrand. New condo sales in the Greater Toronto Hamilton Area also declined quarter-over-quarter by 10 per cent to 502 units, the report from Urbanation showed. (The Logic)
Toronto’s Framework Venture Partners led the round for the Vancouver-based startup, with participation from the venture arm of Montreal-headquartered Intact Financial, and returning investors Fuse and Defined. (The Logic)
Plantro has ramped up calls for chair Arnaud Ajdler to leave the company’s board, citing whistleblower complaints that Ajdler and audit chair Tracey Keates ordered the firm’s former CFO to misrepresent financial statements to show the company had stronger performance than it did. Plantro, which owns 11 per cent of the legal software firm and is controlled by former Dye & Durham CEO Matthew Proud, also urged Keates to resign immediately. (The Logic)
Nine communities have asked a Superior Court judge to strike down Ontario’s Bill 5 and parts of Ottawa’s Bill C-5, both which let their respective governments sidestep laws and regulations to approve major infrastructure projects more quickly. (The Logic)
The Santa Clara, Calif.-based hardware giant said it has received U.S. government assurances that it will get licenses to export its H20 graphics processing units to Chinese buyers. (The Logic)
The pension fund manager has agreed to buy Donte Group from U.S. private equity firm Advent International. The Madrid-based dental service provider has over 426 clinics and 2,200 dentists in its network. (The Logic)
The consumer price index increased 1.9 per cent in June from a year earlier, Statistics Canada reported. The measures that policymakers use to anticipate the trend hovered around three per cent, the upper end of the central bank’s comfort zone. (The Logic)