A coalition that includes Vancouver’s LayerZero, Canadian Consensys CEO Joseph Lubin and former Top Hat CEO Mike Silagadze’s Ether.fi said it has secured enough donation pledges from its members to eliminate the bad debt left behind after hackers drained about US$300 million from crypto lending protocol Aave earlier this month. (The Logic)
The food-tech firm said Halifax-based Nàdarra Ventures led the seed round, which included Anges Quebec and existing investor Investissement Québec, among others. (The Logic)
The committee held its first meeting on Monday, which included new member Eliot Pence, founder of the Canadian defence-tech firm Dominion Dynamics. (The Logic)
The acquisition could make Shell the biggest liquefied natural gas operator in the country. The cash-and-stock purchase price is adjusted for US$2.8 billion in net debt that Shell will take on in the merger, which it hopes to close in the second half of the year if it gets regulatory and shareholder approval. (The Logic)
Doug Guzman, CEO of the Defence Investment Agency, told a parliamentary committee on Monday that Ottawa will measure whether the winner of the $60-billion contract to build submarines for the Royal Canadian Navy delivers on its promised industrial benefits. (The Logic)
The Royal Canadian Mint bought gold traced back to northwestern Colombian mines controlled by the Clan del Golfo drug cartel, yet said it came from North America because it was mixed with U.S. metal in Texas before arriving in Canada. (The New York Times)
The B.C. tech entrepreneur’s holding firm is the controlling shareholder of the film lovers’ social media platform and has spoken to possible buyers, including CNBC and The Ankler, a Substack newsletter about Hollywood. (Semafor)
Manitoba Premier Wab Kinew announced his intention to ban the platforms for children on Saturday, but has yet to say what age he’s considering as a cut off or how the ban would work. (The Logic)
The stock market index is proposing a rule change that would allow foreign-domiciled companies to remain in Canadian benchmarks, according to a report published earlier this month—as Teck’s merger with Anglo American risks pushing it out of the S&P/TSX Composite. (The Globe and Mail, The Logic)
Tim Hodgson told the Empire Club of Canada that one of his goals is to have five to 10 major projects with either final investment decisions made, or having broken ground by this time next year. (The Logic)