The Vancouver-based company has applied to list American Depositary Shares on the Nasdaq, and aims to price the shares between US$4.25 and US$8 apiece, it said in a Securities and Exchange Commission filing. Its existing shares on the Canadian Securities Exchange rose more than 2.4 per cent on Tuesday afternoon. (The Logic)
The Toronto-based AI hardware company reported third quarter revenue of US$5.83 billion, up 83 per cent from a year earlier, while adjusted earnings per share more than doubled over the period to US$3.30. Both exceeded Celestica’s forecasts. The company raised its 2026 revenue outlook to US$21 billion and expects sales to increase 90 per cent to US$40 billion in 2027. (The Logic)
The Alberta Utilities Commission approved a 920-megawatt natural gas power plant intended to supply Beacon Data Centers’ Heartland data-centre hub in Sturgeon County, northeast of Edmonton. Construction on the power plant is expected to begin sometime in the fourth quarter, and it could enter service by the end of 2027. (The Logic)
The $2.45-billion deal will lower Bell’s debt ratio and free up resources for AI investments, the telecom company said in its announcement. Bell will lease back capacity on the towers—more than 5,000 of them, it said—and the partners expect their joint venture will make further money by finding other customers who want to put equipment on the towers, too. (The Logic)
Canada’s ambassador to Washington said Tuesday that trade negotiators are focused on convincing the Trump administration to limit the impact of Section 232 tariffs on steel, aluminum, autos and lumber—not rewinding the clock to restore duty-free access to the U.S. market. (The Logic)
The Toronto-based company said one of Alibaba’s Qwen AI models tried, unprompted, to send a test message to a cloud storage location in Beijing during a security test. Cohere—whose new cybersecurity unit caught the incident—called it “concerning behaviour” that raises questions about the security of open-weight AI models that organizations download and run on their own computers or servers. (The Logic)
Prime Minister Mark Carney emerged from an Ottawa summit with several premiers and First Nations leaders saying the government wants to “give First Nations and their children and their children’s children an opportunity to share directly in the wealth the country is creating.” The Assembly of First Nations (AFN) has proposed a dedicated sovereign wealth fund, he said, and it’s a possibility the government and First Nations will explore. It would be distinct from the pan-Canadian Canada Strong Fund Carney proposed in April. (The Logic)
It’s the first major acquisition for the Toronto-based banking software provider since Swedish private equity firm Nordic Capital took control in 2024. (The Logic)
Financial transaction watchdog Fintrac issued $247 million in penalties across 35 violation notices, a 52 per cent year-over-year increase in violations and “by far the largest amount” in the organization’s history, it said in its annual report. (The Logic)
Jad Ellawn, head of its Middle East practice, said its new Doha office will bring it closer to clients, including the Qatar Investment Authority, which has a US$20-billion partnership with Brookfield through its artificial intelligence subsidiary, Qai. (The Logic)