The St. John’s-based startup said it has reached a “multi‑year, multimillion‑dollar agreement” to sell its technology to the aerospace firm for use in “the design and manufacturing processes of its business jets.” Both CoLab and Bombardier declined to disclose specific deal terms. (The Logic)
Grant Vingoe, head of the Ontario Securities Commission, said at a Bloomberg conference Wednesday that new AI models like Anthropic’s Mythos could require a “whole of government” approach to regulation, rather than oversight by a collection of agencies. (Financial Post)
The Vancouver-based athleisure company said Heidi O’Neill, who last served as Nike’s president of consumer, product and brand, will start in the position Sept. 8. She will also join the board. (The Logic)
The Montreal-based company reported $5.11 billion in sales in its second quarter, which ended on March 14. Net earnings rose 12.1 per cent year on year to $246.6 million. The company credited its performance to growth in its discount store network as well as higher sales in its pharmacies. (The Logic)
Prime Minister Mark Carney says Canada should not make any more concessions for the sake of trade talks with U.S. President Donald Trump’s administration. His chief negotiator Janice Charette says the U.S. has “pocketed” those concessions, including Canada’s decision to roll back the digital sales tax and make major investments in border security. Canada wants to see some “mutuality” in return, she said. (The Logic)
The Vancouver Fraser Port Authority and its tenant GCT Global Container Terminals agreed to take a year to negotiate whether GCT can build and operate the port’s massive Roberts Bank Terminal 2 expansion. The parties credited the federal Major Projects Office with helping them reach the agreement. GCT had been pushing an expansion of its own nearby terminal but said it would withdraw its request to the MPO for that expansion to be treated as a national priority project. (The Logic)
NYA Ventures and Nàdarra Ventures led the round, with participation from Bluestein Ventures, Builders VC, Congruent Ventures and Verdex Capital. AuX plans to use the money to commercialize its vegan cheese product, which uses microbreweries’ microbial strains and fermentation processes. (TechCrunch)
The industry group called for Prime Minister Mark Carney to add a representative from the “digital and innovation economy” to the group of advisors he tapped to strategize ahead of trade talks with the U.S. (The Logic)
The Ontario Municipal Employees Retirement System is looking to increase its domestic exposure from about 18 per cent—or about $26 billion—to 25 per cent, CEO Blake Hutcheson told The Globe and Mail, pointing to growing opportunities in infrastructure, real estate, and defence and startup financing. (The Globe and Mail, The Logic)
The Canadian Digital Media Research Network warns that it found a network of 20 inauthentic YouTube channels that exploit Albertans’ real grievances to normalize secession and U.S. annexation, and it has flagged the push as a potential covert influence campaign. (The Logic)