Darryl White said on the bank’s third-quarter earnings call that while the 50 per cent tariffs are “acute,” they affect only about five per cent of Canadian exports to the U.S., with government support expected to help cushion the impact. He also urged both provincial and federal governments to accelerate regulatory reviews and remove internal trade barriers. (The Logic)
Investors in Canadian fintech made 47 deals with a total value of just under US$1 billion in the first half of 2026, down from the US$1.7 billion invested across 82 Canadian fintech deals in the first half of 2025, according to data compiled by PitchBook for KPMG in Canada. (The Logic)
Intact Private Capital is among the backers of the California company’s Series D round, led by Qatar Investment Authority and Koch Disruptive Technologies, with participation from Ark Invest and others. Gatik, which runs Loblaw’s self-driving delivery truck fleet, said it sees the biggest opportunity in expanding trucking routes that connect distribution centres and stores. (The Logic)
Carney said construction of the coast guard ships will use Canadian steel, create roughly 5,000 jobs and contribute nearly $650 million annually to Canada’s GDP. (The Logic)
New directors on the board of the London company, which makes a digital wealth management platform used by banks, have a mandate to revamp its business model to make it more sustainable and mature, La Caisse CEO Charles Emond told The Globe and Mail. (The Globe and Mail)
The Toronto-headquartered entertainment firm is spending an initial US$11 million in cash plus one million shares for the Los Angeles-based conversational AI startup. It will also pay US$2 million on the anniversary of closing, and earn-outs of up to US$56 million based on the revenue the unit earns through 2029. (The Logic)
Marquee, a U.S. brand management company, partnered with Toronto-based JM&A Design and Development to acquire the retailer—known for its hoodies and other Canadiana apparel—for 4.10 cents a share. The offer is a 36 per cent premium on Roots’ closing share price on March 2, the last trading day before the company announced a strategic review, and is valued at about $160 million, based on the number of outstanding shares. (The Logic)
Canada-U.S. Trade Minister Dominic LeBlanc and chief trade negotiator Janice Charette met again on Friday with U.S. Trade Representative Jamieson Greer in Washington, D.C., trying to nail down a deal that would spare Canada from 50 per cent tariffs on a wide range of Canadian exports. (The Logic)
The company announced it would indefinitely shut down operations at the Howe Sound pulp mill and Bayview Fibre chipping facility in Port Mellon, B.C., affecting about 400 workers in a forestry industry already struggling with U.S. tariffs. (The Logic)
The Mouvement d’éducation et de la défense des actionnaires (MÉDAC) abolished the executive director position effective Aug. 7, it said Thursday. (The Logic)