Trump envoy’s message to Canada: ‘Make your case’
The U.S. does not “need” any cars made in Ontario, Ambassador Pete Hoekstra said Thursday, but might end up wanting them if Canada put on its “sales cap” in negotiations. (The Logic)
The U.S. does not “need” any cars made in Ontario, Ambassador Pete Hoekstra said Thursday, but might end up wanting them if Canada put on its “sales cap” in negotiations. (The Logic)
The commerce company’s CEO will compete at the famous French endurance race in a Shopify-liveried, LMP2-class car set up by TDS Racing, which manages racing programs for clients. He’ll trade shifts, which can run up to four hours, with professional drivers Mathias Beche and Kevin Estre. (The Logic)
The Alberta oil company CEO told Calgary’s Global Energy Show that the Ottawa-Alberta deal that lashes a new pipeline together with the multibillion-dollar Pathways carbon capture project makes both of them impossible in Canada’s current business environment. (Bloomberg)
The game publisher is shutting down the studio amid a wider round of cuts across its global operations. The studio employed roughly 65 people, according to MobileSyrup. The studio had worked on the technology powering many of Ubisoft’s titles, and provided development support on games like Assassin’s Creed Valhalla and Rainbow Six Mobile. Ubisoft is also closing its Belgrade development studio and restructuring one of its Barcelona studios, putting a total of 380 jobs at risk. (The Game Business, MobileSyrup)
The four companies that filed for creditor protection represented 34 per cent of $2.2 billion the government pumped into the EV battery sector between April 2020 and September 2025, according to a provincial auditor general report. These investments had “no objective, no timeline, no measurement, no indicator, no target,” it reads. (The Logic)
U.S. Venture Partners led the Series A round, with participation from Bling Capital and Freestyle Capital. Maneva, registered in Toronto but headquartered in Palo Alto, Calif., will use the financing to further develop its AI capabilities, launch new products and expand into new markets. (The Logic)
New investors La Caisse, Fidelity Investments Canada, Picton Investments and Endeavor Catalyst joined the round, with participation from existing investors including Portage, Diagram and NAventures, National Bank’s venture arm. Nesto, which operates a digital mortgage lending platform, plans to use the money to develop its technology, including AI capabilities. (The Logic)
The software company, which provides data validation and compliance software to pharmaceutical manufacturers, said Monday it had agreed to be acquired by the Chicago-based private equity firm, almost five years after first being listed on the TSX. (The Logic)
The database-management software company may begin raising another investment round within the next month, The Information reported. It was last valued at US$134-billion after it raised a US$7-billion round in February. (The Information)
The Gordie Howe International Bridge will open to traffic within the coming days, Prime Minister Mark Carney confirmed on Tuesday, despite a late-stage threat by U.S. President Donald Trump to block the opening of the crossing, a rival to the privately owned Ambassador Bridge. (The Logic)