Peel Regional Police charged Geoffrey Wall with fraud following “Project Icarus,” a four-month criminal investigation. Records indicate Wall possessed a commercial pilot’s licence, but not the necessary accreditation to operate aircraft as a captain, including the Boeing 777, the largest aircraft in the company’s fleet. (The Logic)
The company is spending US$115 million for the first year of America’s Workforce Academy, a five-week program to train workers in the skilled trades needed in data-centre construction. Meta is partnering with CBRE on the initiative, which will begin in Louisiana, Ohio, Indiana and Texas this year. The program is free for participants, who are guaranteed a job once they graduate. (The Logic, The Wall Street Journal)
General Catalyst and HarbourVest led the Series C round for the Toronto-headquartered company. Other investors included Intrepid Growth Partners. Beacon has also hired former Superhuman and Instacart CTO Mark Schaaf as its new chief operating and product officer, and former AngelList CTO Goutham Buchi as its own CTO. (The Logic)
The provincial government has signed a non-binding agreement to test the Toronto-headquartered firm’s technology for administrative applications, to improve efficiency and service delivery. Quebec isn’t making any specific contract commitments under the deal. (The Logic)
Total merchandise exports grew 1.6 per cent over March to reach a record high of $75.2 billion, Statistics Canada reported Tuesday. That was driven by a seven per cent increase in exports of crude oil, which the agency linked to rising prices fuelled by the U.S.-Israeli war on Iran. (The Logic)
S&P Dow Jones Indices said late Friday that it would remove the Mississauga-based subprime lender from the S&P/TSX Composite Index before the open of trading on June 22, alongside several other companies, including Pet Valu. The index provider did not provide a reason for the changes. (The Logic)
Justice Sheldon Lanchbery said startup founder Susan Bonk was motivated by “personal animus” when she accused Riley, CEO of Richardson Financial Group, of sexually harassing and assaulting her. Bonk told The Globe and Mail she plans to appeal the decision. (The Logic, The Globe and Mail)
Correctional Service Canada, which manages federal penitentiaries and institutions, awarded Accenture a $123,142 contract in February to try a product “designed to accelerate the development” of offender criminal profiles, according to a parliamentary filing. The Toronto Star first reported on the project; the agency told the outlet it’s exploring using AI to help staff review and organize information from other files during inmate intake. (The Logic, Toronto Star)
The tech giant will issue senior unsecured notes denominated in Canadian dollars that mature in between three and 30 years, sources told Bloomberg. RBC, Scotiabank and TD Bank are running the bond sale alongside JPMorgan Chase. Amazon told the outlet it will use the money for business investments, capital expenditures and debt repayment. (Bloomberg)
PepsiCo has agreed to deploy Gatik’s self-driving trucks across its North American supply chain, the companies announced Monday. The startup currently runs autonomous deliveries for Loblaw in Ontario and is backed by its venture arm, Wittington Ventures, as well as Intact Ventures and Bell Ventures. (The Logic)