Anko van der Werff, who was an executive at Aeroméxico and Qatar Airways, among others, will begin his term at the Montreal-based airline by January 2027. Van der Werff will succeed Michael Rousseau, who announced his retirement in March. (The Logic)
The investment vehicle for World Liberty Financial’s crypto token WLFI is in talks to sell subsidiary Alt5 Sigma Canada to Tokyo-based Perpetuals.com. (The Logic)
The Alcohol and Gaming Commission of Ontario (AGCO) levied the penalty against Pickering Casino Resort operator Great Canadian Entertainment (GCE) for failing to adequately monitor high-risk customers and report suspicious activity. (The Logic)
The U.S. president has convinced other NATO members, including Canada, to invest more in defence and accept “shifting burdens” within the alliance, Prime Minister Mark Carney said at an alliance summit in Turkey. Former president Barack Obama wanted that kind of rebalancing, he said, but Trump has achieved it. (The Logic)
San Francisco-based TPG led the Series D round for the Toronto-founded firm. Regulatory filings show Super.com issued just under US$17 million worth of new stock on Monday, suggesting the financing included the sale of shares by existing investors. The firm did not respond to a request for comment. (The Logic)
There is “no basis” for slapping 10 per cent duties on Canada for failing to enforce its prohibition, Ottawa wrote in a submission to the Office of the U.S. Trade Representative, because its plan to publish a list of high-risk goods is “aligned and consistent” with the Americans. (The Logic)
AI Consortium participants will pay an entry fee of between $1 million and $25 million, and devote engineering staff to jointly develop systems to monitor and control AI agents and other tools. Founding member Lightworks, a Toronto-based tech services firm, will manage and maintain the code that the projects generate. (The Logic)
After merging with a B.C. numbered company, Wellstar plans to list on the TSX Venture Exchange, Well Health announced. It has a concurrent deal to raise $50 million through a private placement with TD Securities, RBC Capital Markets and Stifel, with plans to use the proceeds for acquisitions and other improvements. (The Logic)
Canada has secured support from Albania, Belgium, Greece, Latvia, Romania, Turkey and Ukraine for the proposed Defence, Security and Resilience Bank (DSRB), a Canada-based institution, primarily championed by Prime Minister Mark Carney, that the government is aiming to have operational by next year. Meanwhile, Luxembourg had already agreed to be the European headquarters for the bank. (The Logic)
A KPMG online survey of business leaders from 275 manufacturing companies said another 13 per cent of respondents plan to shift production south of the border. More than three-quarters of those planning a move expect it to happen within two years. (The Logic)