The retailer’s active client base in the U.S. rose 40 per cent over the past year, while U.S. revenue rose 45 per cent, CEO Jennifer Wong said on a quarterly earnings call. Overall, the Vancouver-based fashion company’s revenue rose 33 per cent from the same quarter last year. (The Logic)
In the agency’s latest Labour Force Survey, the country posted an unexpected surge in job growth despite wider economic concerns stemming from U.S. tariff threats. The employment rate—the proportion of Canadians aged 15 and older who are working—also rose in June, up 0.1 percentage points to 60.9 per cent. (The Logic)
The Canadian innovation cluster is providing $31.7 million in funding for 23 projects, with participating companies putting up the rest in cash and resources. Scale and other clusters are federally backed non-profits that bring together startups, companies and universities. (The Logic)
TitletownTech, a Wisconsin venture capital firm backed by Microsoft and the Green Bay Packers NFL franchise, led the round. University of Calgary robotics expert Paul McBeth and Lions Investment also participated. (The Logic)
The Business Council of Canada, which represents 170 major companies, suggests establishing a North American energy alliance to boost exports, protect supply chains and pursue a “common vision” among partners. Improved energy security was one of seven recommendations the lobby group made in a new report, which appraises Canada’s position in an increasingly volatile geopolitical climate. (The Logic)
The Edmonton-based startup’s technology lets developers add non-playable characters (NPCs) that interact with players in complex ways, as well as AI “game directors” that adapt the game in real-time based on how players are performing, somewhat like a pen-and-paper game’s dungeon master. (The Logic)
The Boston private equity firm has hired advisers to explore selling all or part of its stake in the Toronto parka maker, Bloomberg reported, citing sources familiar with the matter. Bain’s shares give the company 55.5 per cent of the vote at Canada Goose. (Bloomberg)
The antitrust watchdog said it will observe as Interac shifts wholesale pricing for its e-transfer payments service to a flat fee of four to eight cents per transaction. Currently, the payments company charges financial institutions between six and 43 cents based on the volume of e-transfers they process, which means smaller institutions pay more for the same service than their larger competitors. (The Logic)
The parliamentary budget officer expects CIB will come up $20.1 billion short of its target to disburse $35 billion by 2027-28, falling even further behind its goal than previously anticipated. (The Logic)
Robert Friedland, whose Toronto-listed company Ivanhoe Electric is building a copper mine in Arizona, said the U.S. president’s 50 per cent tariffs on the metal will “wake people up” to the country’s lack of energy independence. (Financial Times)