The deal is subject to Rogers and Shaw receiving regulatory approval for and closing their merger. The three companies did not disclose terms of the transaction, but said they were “substantially consistent” with those announced in June, which valued the wireless carrier at $2.85 billion. (The Logic)
The agency on Thursday published an advanced notice of proposed rulemaking, seeking public feedback on questions about how firms’ collection and use of personal information harms consumers; how to prevent errors and bias from automated-decision making systems; and what data and algorithm disclosures it should require. (The Logic)
The Canada Pension Plan Investment Board ended its first quarter with $523 billion in assets, down from $539 billion at its fiscal year-end a quarter earlier. The fund lost 4.2 per cent on its investments for the three months ended June 30. Its five-year return dropped from 10 per cent to 8.7 per cent, and the 10-year return was down from 10.8 per cent to 10.3 per cent. (The Logic)
The technology giant said it is testing automatic end-to-end encrypted chat threads and secure storage to back up encrypted chats. (The Logic)
The Cambridge, Mass.-based firm has signed an agreement for the space at the Institut national de la recherche scientifique’s (INRS) biotech park in the Montreal suburb. Moderna plans to begin construction this year, with the facility operational by the end of 2024. (La Presse)
The former governor of the Bank of Canada and Bank of England, who currently serves as the firm’s vice-chair and head of transition investing, will lead the board of the new Brookfield Asset Management unit overseeing its sprawling portfolio of real estate, infrastructure and renewable power assets. The parent company will be renamed Brookfield Corp. (The Logic)
Canada’s largest private-sector union, which represents 315,000 members in industries like auto making, media, shelters, and healthcare, elected the former national secretary-treasurer Payne on Wednesday at its constitutional convention in Toronto. She is the first woman to hold the position. (The Logic)
The province’s only cannabis distributor has not yet resumed full-scale shipments from its warehouses following a cyberattack on Domain Logistics, one of its main suppliers. It first disclosed the attack on Monday. The Crown corporation is currently accepting deliveries “manually,” which it will add to Domain’s system after an investigation is complete. (The Logic)
Amid revelations that the RCMP has remotely and covertly accessed mobile devices, Ron Diebert, director of the University of Toronto’s Citizen Lab, said the federal government should be transparent about its procurement of such technology. It should not, he added, “purchase from and help enrich firms” that sell to foreign regimes “that threaten Canada's values and security.” Policymakers should consider a ban on the tools’ use and impose “stringent and effectively enforced import and export controls,” said Brenda McPhail, director of the privacy, technology and surveillance program at the Canadian Civil Liberties Association. The two were speaking at the House of Commons ethics committee on Tuesday. (The Logic)
In a May letter, Alberta Advanced Education Minister Demetrios Nicolaides told four post-secondary institutions they could participate in transfer and exchange programs for undergraduates, as well as corporate training with Chinese peers. (The Logic)