Justice Sheldon Lanchbery said startup founder Susan Bonk was motivated by “personal animus” when she accused Riley, CEO of Richardson Financial Group, of sexually harassing and assaulting her. Bonk told The Globe and Mail she plans to appeal the decision. (The Logic, The Globe and Mail)
Correctional Service Canada, which manages federal penitentiaries and institutions, awarded Accenture a $123,142 contract in February to try a product “designed to accelerate the development” of offender criminal profiles, according to a parliamentary filing. The Toronto Star first reported on the project; the agency told the outlet it’s exploring using AI to help staff review and organize information from other files during inmate intake. (The Logic, Toronto Star)
The tech giant will issue senior unsecured notes denominated in Canadian dollars that mature in between three and 30 years, sources told Bloomberg. RBC, Scotiabank and TD Bank are running the bond sale alongside JPMorgan Chase. Amazon told the outlet it will use the money for business investments, capital expenditures and debt repayment. (Bloomberg)
PepsiCo has agreed to deploy Gatik’s self-driving trucks across its North American supply chain, the companies announced Monday. The startup currently runs autonomous deliveries for Loblaw in Ontario and is backed by its venture arm, Wittington Ventures, as well as Intact Ventures and Bell Ventures. (The Logic)
The value of global software acquisition deals fell to US$50 billion in the first five months of 2026, down from US$88 billion for the same period last year—the lowest total for the period since 2020, according to a PitchBook analysis by the Financial Times. (Financial Times)
Recursive self-improvement, where an AI system can autonomously design and develop a better version of itself, “could come sooner than most institutions are prepared for,” said the company’s in-house think-tank. That could lead to new scientific discoveries and other benefits, but also risks humans losing control over AI. (The Logic)
The federal government says it will give people more time to weigh in on sweeping changes to the approval process for major projects before it tables the legislation in Parliament. (The Logic)
State Sen. Stuart Adams declared victory after the flamboyant Canadian investor agreed to use 75 per cent less land for a data centre complex northwest of Salt Lake City, to protect water and wildlife and capture more waste heat. Adams is president of the state senate, in which his Republican party holds 22 of the 29 seats. (The Logic)
The Vancouver-based athleisure company “experienced spikes of negative commentary in the media” and product launches that have not been well received, said interim co-CEO and CFO Meghan Frank in a conference call Thursday, citing a recently resolved public battle over the company’s leadership with founder Chip Wilson, and product reveals that included see-through leggings and unflattering butt seams. (The Logic)
Employers added some 88,000 positions, dropping the unemployment rate to 6.6 per cent from 6.9 per cent, Statistics Canada reported. The percentage of the working age population with a job rose to 60.7 per cent, the first increase since November. (The Logic)