Connor Moucka, a 26-year-old from Kitchener, Ont., pleaded guilty in the U.S. to charges stemming from a hacking and extortion campaign that targeted customers of a major cloud storage provider reported to be Snowflake. U.S. prosecutors said Moucka, who was extradited to the U.S. last year, and his co-conspirators used stolen login credentials to access sensitive data belonging to dozens of companies and obtain ransom payments totalling more than US$2.5 million. (The Logic)
The giant telco’s net earnings fell 2.3 per cent year over year to $629 million in its most recent quarter, despite an uptick in total revenue. Its Canadian “communications and technology services” segment, the vast bulk of Bell’s business, saw revenue shrink four per cent, year over year. (The Logic)
The Calgary-based pipeline company said nine companies have signed binding 20-year commitments for 465,000 barrels per day of capacity on its proposed Prairie Connector project. The contracts are the result of South Bow’s open season, held earlier this year. The Prairie Connector would use existing pipe from the cancelled Keystone XL project to transport Canadian crude from Hardisty, Alta. to destinations in Wyoming, Oklahoma and the Gulf Coast. (The Logic)
The Montreal-headquartered engineering giant made $95.7 million in its most recent quarter as its $3 billion in revenue increased 10 per cent from the same quarter in 2025. It also raised its full-year forecast for revenue from its nuclear segment—which includes its Candu reactor business—from $2.5 billion to $2.7 billion. (The Logic)
The Toronto-based impact investor is aiming to raise US$125 million total for the fund to invest in startups focused on women’s and children’s health. Investors in the fund include German development bank KfW, the Skoll Foundation, impact-investment firms Ceniarth, Equality Fund and the Wire Group, and several family offices. (The Logic)
Revenue at the Ottawa software firm increased 16 per cent in its most recent quarter, to US$158.8 million, it reported. That made for “the strongest first half in Kinaxis’s history,” CEO Razat Gaurav said in the announcement. It turned a quarterly profit of US$21.2 million. (The Logic)
The oilsands major reported second quarter net earnings of $3.7 billion Wednesday after markets closed, more than tripling from $1.1 billion a year earlier, driven by higher oil prices and stronger performance from its refining business. (The Logic)
The meal-kit delivery service and majority owner of Genuine Tea faces $600,000 a month in credit card payments and about $43 million in debentures and interest, despite selling its crypto-related securities last month and laying off 122 employees since March. The company, which has 230 workers at facilities in Montreal, Calgary and Mississauga, Ont. and relies on third-party delivery drivers, plans to continue operations. (The Logic)
The Toronto-based legal and financial tech company said its revenues rose nine per cent year-over-year in the second quarter, yielding a 28 per cent bump in operating profit compared with the same period in 2025. But shares fell nearly 10 per cent on Wednesday afternoon, after executives faced questions on an earnings call about its ambitions to rely more on Thomson, a custom large language model (LLM). (The Logic)
Jeff Dean, the search giant’s longtime AI lead and one of its most accomplished engineers, will be CEO of Discovery Loop. Toronto-headquartered Radical and Bay Area firm Khosla Ventures co-led a round of undisclosed size, with participation from other venture firms as well as Alphabet, Google’s parent company. (The Logic)