Fonds de solidarité FTQ and returning investor Inovia Capital co-led the round in the employee engagement software company. Demopolis Equity Partners and existing backer Blumberg Capital also participated. WorkJam said in a release it will use the funds to expand in Latin America, the U.S., Europe and Southeast Asia. (The Logic)
Community radio stations and other non-profit journalism outlets will be able to seek payments from large digital platforms like Facebook and Google, under an amendment to Bill C-18 adopted by the House of Commons heritage committee. The MPs also voted to specify that Indigenous storytelling through media counts as a form of news content eligible for payments. (The Logic)
The Toronto-based startup, which raised $6.5 million and had a roughly $30-million valuation late last year, was “unable to secure the capital necessary to continue to bring our vision to life,” the company said in a statement. (The Logic)
The proposed Consumer Privacy Protection Act (CPPA) includes carve-outs to the requirement to get people’s consent to share de-identified data with government agencies if it’s for a “socially beneficial purpose,” or for corporations to use it when they have a “legitimate interest.” In a report published Tuesday, the University of Toronto-based Citizen Lab recommends requiring organizations to inform people and allow them to opt out in any such case, and giving the privacy commissioner the power to stop it. (The Logic)
Answering questions from senators about the Liberals’ Bill C-11 Tuesday morning, Pablo Rodriguez said language in the proposed law will keep the Canadian Radio-television and Telecommunications Commission from trying to regulate Canadian content from individuals on YouTube and TikTok. (The Logic)
Videotron has wanted to be a national cellphone carrier since the 2000s, when it recognized cable television wasn’t a growth industry, Pierre Karl Péladeau testified Monday in the Competition Tribunal hearings over Rogers’s acquisition of Shaw. If Videotron gets to buy Shaw’s discount brand, Freedom—in a forced divestment meant to maintain competition in the wireless market—Videotron intends to be an aggressive player, he said, and has begun negotiating with Bell and Telus to give its customers coverage in parts of the country where it wouldn’t have service of its own. (The Logic)
The Halifax-based app-maker said the second seed-stage round was led by Tidal Venture Partners. NHL players Connor McDavid and Mitch Marner and Jayson Tatum of the NBA’s Boston Celtics also participated in the round. (The Logic)
The California-based entertainment conglomerate announced Sunday evening that the 71-year-old will replace Bob Chapek as CEO for the next two years. The surprise move sent Walt Disney shares up more than six per cent Monday. (The Logic)
The COP27 agreement, which nearly 200 countries signed after talks at the summit were extended through the weekend, states that transitioning to a low-carbon economy will require between US$4 and US$6 trillion in investments a year. Separately, signatories committed to creating a loss and damage fund through which wealthy countries will pay climate-vulnerable nations for harms caused by global warming. (The Logic)
The collapsed crypto-trading platform owes about US$226 million to its largest creditor, it said in a bankruptcy court filing Saturday. (The Logic)