Canada has secured support from Albania, Belgium, Greece, Latvia, Romania, Turkey and Ukraine for the proposed Defence, Security and Resilience Bank (DSRB), a Canada-based institution, primarily championed by Prime Minister Mark Carney, that the government is aiming to have operational by next year. Meanwhile, Luxembourg had already agreed to be the European headquarters for the bank. (The Logic)
A KPMG online survey of business leaders from 275 manufacturing companies said another 13 per cent of respondents plan to shift production south of the border. More than three-quarters of those planning a move expect it to happen within two years. (The Logic)
The Texas-based data-centre company plans to issue 50 million shares valued between US$23 and US$27 apiece in its public offering on the New York Stock Exchange. The IPO could bring the company’s value to nearly US$4.2 billion. (The Logic)
The provincial Ministry of Technology and Innovation (MITI) developed a system powered by Anthropic’s technology to test its applications against security and privacy standards, and target vulnerable ones for fixing or replacement. The tools used commercially available AI models Claude Opus and Sonnet. (The Logic)
The telecom giant agreed to buy Kilmer’s remaining 25 per cent stake in Maple Leaf Sports and Entertainment, giving it full ownership of the Toronto Maple Leafs, Toronto Raptors, Toronto FC and Toronto Argonauts. (The Logic)
Shares in the waste management company rose more than seven per cent on the Toronto Stock Exchange, after Bloomberg reported that it has received take-private interest from buyout firms. (Bloomberg)
The consulting firm, which promoted Toronto-based senior partner Andrew Pickersgill to board chair this week, has given him a mandate to pose big-picture questions about the firm’s future as it tries to establish more independence between its board and management team. (The Wall Street Journal)
A Superior Court judge granted the province’s trade group for industrial electricity consumers intervener status in a pair of lawsuits against the public electricity utility. The association, which represents some of the largest electricity consumers in the province, said it supported the efforts of Bitfarms, Hive and Quebec-based Énergie Flumen to nullify rate hikes for crypto mining operations in the province, enacted in February 2026. (The Logic)
Stockholm-based EQT will use the financing for a strategy that centres EdgeConneX, a U.S. data centre operator that plans to add 10 gigawatts of capacity. (The Logic)
June home sales jumped 9.4 per cent compared to the same month last year, while the number of new listings dipped significantly, according to the Toronto Regional Real Estate Board. (The Logic)