Bruce Croxon and John Eckert are passing the leadership of the Toronto-based fund’s day-to-day operations to general partners Brahm Klar and Wilson Lee. The co-founders will remain on the firm’s investment committee. (The Logic)
Most food-delivery and ride-hail workers don’t do the job as a side hustle and have concerns around workplace safety and low pay, according to a study by the B.C. Ministry of Labour between November and December 2022. Many workers said they often earn less than minimum wage, but value flexibility. (The Logic)
Brookfield Infrastructure’s cash-and-stock deal to acquire the Bermuda-based company is expected to close by the end of 2023. Triton leases containers and related equipment to shipping lines—mainly for dry goods, but also liquid tanks, refrigerated versions and racks that let large odd-sized items be moved like standard freight units. Its roughly 7.2 million 20-foot-equivalent units equal about twice the quantity of containers that pass through the Port of Vancouver each year. (The Logic)
The Montreal-based bank is preparing to introduce a chequing account with a three per cent interest rate that consumers can open online. The new product under president and CEO Rania Llewellyn is part of the bank’s digital push that aims to draw more customers outside Quebec. (The Canadian Press)
The Department of Commerce’s National Telecommunications and Information Administration (NTIA) is seeking public input on how regulators could roll out or incentivize assessments and certifications for the technology “to create earned trust.” (The Logic)
The Detroit automaker will rename its Oakville, Ont., plant the Oakville Electric Vehicle Complex, where it will make battery packs in addition to a “family” of EVs there. It’s the first high-volume plant that Ford has transformed to make EVs in North America, with production starting in 2025. (The Logic)
Under the agreement, the Toronto-based Bitcoin miner will pay 40 per cent cash and 60 per cent in Bitfarms common shares for the power in Baie-Comeau. The company has also committed to leasing a site in the Côte-Nord town. (The Logic)
The funding round for the Toronto-based auto repair shop management company was led by Advance Venture Partners. AVP managing partner David ibnAle will join AutoLeap’s board. Returning investors Bain Capital Ventures and Threshold Ventures also participated. (The Logic)
Elon Musk’s social media company is no longer its own entity, according to a California court document dated April 4 in a lawsuit filed against former Twitter CEO Jack Dorsey and Meta CEO Mark Zuckerberg, among others. (Bloomberg, The Logic)
The Toronto-based digital car-auction platform provider said in a release it expects to delist around May 24 and the move “eliminates negative impact of having a public listing with no trading volumes.” The firm will remain a reporting issuer, which leaves the door open to return to the Toronto Stock Exchange or a U.S. one. (The Logic)