Overall consumer prices rose more slowly in August than in July, the second month in a row the inflation rate declined, Statistics Canada reported. But grocery prices increased 10.8 per cent between August 2021 and last month, the fastest pace since 1981. (The Logic)
The company said its new “Attabot 2022” model is the first commercialized version of its robot warehousing technology, which stores and retrieves items from boxes in an automated, vertically-oriented sorting system. (The Logic)
The Ontario Teachers Pension Plan Board (OTPP) will pay ₹23 billion (US$300 million) for the equity stake in the Thane-headquartered company, a subsidiary of the Mahindra Group conglomerate. The two firms will also establish an infrastructure investment trust to hold an initial 1.54 GW of renewable assets; OTPP has committed another US$450 million over seven years to the two ventures. (The Logic)
The Toronto-based venture capital firm will launch Lumira Ventures Opportunity Fund 1, in which 80 per cent of proceeds will go into biotech companies that trade on public markets. (The Globe and Mail)
Australia's Link said its board was unable to recommend a new takeover offer from the Canadian legaltech and financial software company, after the latter wrote that it could not accept conditions set by the U.K.’s Financial Conduct Authority, which regulates seven subsidiaries involved in the deal. (The Logic)
Executives at the San Francisco-based firm told potential investors it does not intend to issue a large volume of new stock, but will instead allow staff to offer some of their equity at a set price ahead of the listing, sources told The Wall Street Journal. Instacart declined to comment to The Logic. (The Wall Street Journal, The Logic)
The Financial Conduct Authority said consumers “should be wary” of Sam Bankman-Fried’s cryptocurrency-trading platform and warned investors have little protection if things go wrong. (The Logic)
Workers can now set how much of their total pay they want to receive in cash, restricted stock units (RSUs) and stock options. The company is also waiving the one-year waiting period for equity awards to begin vesting. Shopify will follow local requirements for minimum salary amounts and stock-based restrictions in countries that have them, said chief human resources officer Tia Silas in an email. (The Logic)
Attorney General Rob Bonta accuses the online retail giant of making wholesalers pledge not to allow lower prices for their products on any other platforms, including their own, using its dominant market position to prevent any competition on price. The court case seeks an order requiring Amazon to stop such contracts, submit to supervision by a monitor and pay compensation and damages for what Bonta alleges is price manipulation that harms consumers. (The Logic)
The Broadcasting Act should be amended to include privacy protection as one of its objectives, like it is in Canada’s telecommunications law, Privacy Commissioner Philippe Dufresne said. He spoke Wednesday at a Senate committee hearing on Bill C-11, the Liberal government legislation that applies Canadian content and other requirements to streaming services. (The Logic)