The province will not invest further in the France-based cargo dirigible company, in large part because profits from further investment would benefit entities outside of Quebec, Economic Minister Bernard Drainville said. (La Presse)
Minnesota-headquartered Northern Oil and Gas cited “the meaningful opportunities we see in Canada” as it announced a $350-million stake in privately held Alberta producer Parallax. (The Logic)
The drug-discovery company is to contribute its expertise in deep learning and foundation AI models, applied to extensive datasets on thousands of people from a new Human Longevity subsidiary called Human Life Foundation Models. They’re aiming for breakthroughs in predicting health risks, detecting age-related diseases early and creating new treatments. (The Logic)
The European aerospace giant wants to sell Canada more planes, helicopters and other gear as the country boosts defence spending, but warned that it can only offer enticements that are under its control, like research and development work and local procurement. “If you ask us, ‘Can you bring a car plant in exchange for us selecting [an Airbus helicopter]?’ the answer is ‘Probably not, no,’” Olivier Michalon, Airbus’s executive vice-president of global business, told The Logic. (The Logic)
High Commissioner Dinesh Patnaik said the probe into the 2023 shooting death of Sikh activist Hardeep Singh Nijjar in B.C. has been “twisted around,” and that Sikh separatist groups have paid Canadian intelligence officers to share false claims. (The Globe and Mail)
The Liberals’ proposed law to ease police access to digital records should be changed to forbid government orders requiring any changes to products or services, the tech giant said in a brief submitted to the House of Commons’ public safety committee. Google also wants language explicitly protecting encryption and to kill a provision that would let the public safety minister order particular electronic providers to enable online surveillance. (The Logic)
Prime Minister Mark Carney, who served as Bank of England governor during the U.K.’s referendum on leaving the European Union, said he learned from experience how dangerous it can be when a separation vote is presented as a way to strengthen a negotiating position rather than an actual vote for secession. (The Logic)
Proud, who was previously a chief strategy officer and chair of the Toronto-based legaltech company, is returning to the board less than six months after agreeing to a truce with Dye & Durham in a battle over the firm’s board governance. (The Logic)
Ambassador Pete Hoekstra said the regulator’s order, which requires streaming companies to spend 15 per cent of their Canadian profits on Canadian content, creates a new trade barrier and makes the investment climate for American companies worse. (The Logic)
Natural Resources Minister Tim Hodgson told Bloomberg that he’s “highly confident” oil companies can absorb the cost of the project, given the way Ottawa and Alberta structured their energy pact earlier this month. (Bloomberg)