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    Archives: Briefings

    Loosen transport rules, digitalize, find a labour strategy, feds’ supply-chain advisors say

    A federal task force on Canada’s supply-chain woes recommended the government allow containers to be moved off quays before customs inspections, increase competition in rail service, finish twinning a highway between Quebec and New Brunswick, and waive half the rent airport authorities pay if they put the savings into goods-moving capital projects. The pandemic is still affecting goods movement and climate change is threatening worse. (The Logic)

    Magna to invest over US$120M in India EV campus

    The Ontario auto-parts maker said Thursday it plans to establish a new 240,000-sq.ft. engineering centre in Bengaluru and hire about 1,000 engineers to support electric vehicles, electronics and software development. (The Logic)

    Suncor Energy selling wind, solar assets to ATCO subsidiary for $730M

    Canadian Utilities, an ATCO company overseeing $21 billion in assets, will take over the oil-sands giant’s renewables portfolio. (The Logic)

    Telus is piloting a sports metaverse

    The telco giant announced that it will bring the Canadian Premier League to mobile devices through the Telus Sports app, calling it a “fully-immersive sports metaverse.” Fans can watch soccer matches, toggling in real-time between as many as eight different camera angles. (The Logic)

    Ontario NDP call for more transparency over Loblaw’s fully driverless deliveries

    The party said it’s “concerned” that autonomous-vehicle startup Gatik began to make fully driverless deliveries for Loblaw without communicating transparently, said Chris Glover, the provincial party’s technology, development and innovation critic, in a statement to The Logic. The party “would like to have seen the government provide details on costs, safety considerations and potential support for workers who may be impacted by the move to driverless cars.” (The Logic)

    Tech giants will transfer $329.2M to news outlets under Bill C-18: PBO

    The Parliamentary Budget Office’s new analysis also said Canadian news companies will spend $20.8 million between them to prepare for bargaining with companies like Alphabet and Meta under the terms of the Liberals’ Online News Act. Smaller companies will account for a disproportionate share of that spending, the PBO said, because they lack the in-house expertise of bigger ones. (The Logic)

    Arctic Wolf Networks raises US$401M in debt from backers including OTPP

    The Eden Prairie, Minn.-headquartered cybersecurity firm closed an offering of convertible notes led by Owl Rock. The Ontario Teachers’ Pension Plan, which participated in the financing, is a new investor. (The Logic)

    Crypto lender Ledn to acquire Arxnovum Investments

    The two Toronto-based companies did not disclose the terms of the deal, which they expect to close in the fourth quarter of 2022 if regulators approve it. (The Logic)

    Wattpad to bolster community safety rules following reports of grooming on the platform

    The Toronto-based literary platform plans to implement new moderation tools to detect sexually explicit messages and grooming behaviour. It said it is also investing in new ways to verify users’ age, to make sure those under 17 years old can’t access mature content. (The Logic)

    Federal government lays out stricter environmental standards for oil and gas projects

    Environment Canada released draft guidelines for new oil and gas proposals that require companies to prove their planned projects have the lowest emissions intensity of any comparable project in the world. If that standard can’t be met, the regulations require companies to explain how they will improve emissions intensity in the future using “advanced and emerging technologies.” (The Logic)

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