Jeffrey Orr downplayed worries around private credit on the conglomerate’s first quarter earnings call Wednesday, saying the biggest impact has been that negative sentiment around the sector has made it harder to raise investment for alternative assets. However, the pullback remains manageable, he said. (The Logic)
The prime minister said that “absolute purity in generation” would get in the way of a goal to double Canada’s electricity production by 2050. He kicked off a consultation on how the federal and provincial governments can achieve the target with one concrete promise: to loosen rules set in 2024 that several provinces said would leave them with fossil-fuel power plants they’d be unable to use and big bills to replace them. (The Logic)
The California-based think tank will host global investors, finance and business leaders from across various industries in Toronto, sources told Bloomberg. Former economic development minister Mary Ng is said to be working on the event. The institute did not immediately respond to The Logic’s request for comment. (Bloomberg)
The government said Tuesday it intends to issue a “resilience bond” to fund defence projects if the Defence, Security and Resilience Bank (DSRB) is located in the province. It described the bond initiative as the first of its kind in Canada. (The Logic)
About 60 per cent of the AI-oriented websites that Ontario public servants used when the provincial auditor general checked in 2025 were “unsafe and unsecured,” Shelley Spence revealed in a scathing report. Hardly any workers used the one approved tool (Microsoft Copilot) and nothing stopped them from using browsers without filters that would keep them from uploading Ontarians’ personal information. (The Logic)
The first five years of the deal could mean $250 million in business for the Canadian engineering giant, it announced. Venture-backed First American Nuclear is developing small modular reactors; AtkinsRéalis will provide much of the expertise surrounding the core technology, including procurement and construction of the plants surrounding the reactors. (The Logic)
The Richmond-based company has plans to merge with MAK Acquisition, a special purpose acquisition company led by Matthew Proud, the former CEO of Dye & Durham. (The Globe and Mail)
Simon Fraser University and InBC Investment will both contribute $7.5 million, and plan to raise another $5 million through investments and philanthropic gifts. (The Logic)
The Dubai-headquartered firm claimed the deal is a “nine-figure acquisition.” Ahoy also announced it is making Montreal its North American base, partnering with AI institute Mila and opening a new lab there focused on physical AI. (The Logic)
Elevra Lithium said it will expand its Quebec mine after raising $417 million, including $145 million from the Canada Growth Fund and $272 million in a public equity offering. Canada Growth Fund has the option to convert its investment into Elevra shares on the Australian Securities Exchange. (The Logic)