“We understand that our investment in Celsius raises a number of questions,” Caisse de dépôt et placement du Québec spokesperson Maxime Chagnon told The Logic. “This is something that we take very seriously and we will provide further comment at the appropriate moment.” (The Logic)
The Power Corp.-affiliated venture fund plans to take advantage of a decline in tech valuations to strike deals. The new fund, Portage’s third, is almost twice the size of the firm’s second fund. (Bloomberg)
One Medical offers virtual appointments, plus in-person care, in 15 U.S. metro areas. Amazon’s purchase price of US$18 a share is a premium of nearly 77 per cent over the US$10.18 where One Medical’s stock closed on Wednesday. (The Logic)
The purchase will give the bank new capacity in carbon credit development and “help our clients understand and manage the risks and opportunities of energy transition,” CEO of BMO Capital Markets Dan Barclay said in a statement. BMO did not disclose the financial terms of the deal. (The Logic)
The rules, part of a long-awaited financial services and markets bill, address the use of stablecoins as payment tools. (The Logic)
Moonbeam Foundation, whose director, Aaron Evans, is based in Ottawa, is one of the firms that lent money to now-bankrupt Three Arrows Capital, according to an affidavit filed in Singapore. (The Logic)
Alignment Growth led the oversubscribed round, with participation from previous investors Mayfield Fund and Emergence. (The Logic)
Consumer-price increases reached their highest since January 1983, Statistics Canada reported, with gas prices up 54.6 per cent from June 2021. But the agency reported that prices in seven of the eight categories it tracks rose three per cent or more (clothing and footwear, at 2.7 per cent, was the exception), so inflation is hitting broadly. Also undergoing a big catch-up as anti-pandemic restrictions are lifted are travel-related costs, with prices for accommodation rising 49.7 per cent from June 2021. (The Logic)
The company is working with U.S.-based HySpeed Computing on equipment that’s meant to take images of Earth from orbit and then compress them, stream them to the ground and analyze them nearly in real time to look for things like forest fires and oil spills. They announced it’s to be tested on the International Space Station after a rocket launch delivers it in early 2023. (The Logic)
The Toronto-based fintech said renters will be able to use Borrowell Rent Advantage to report payments to Equifax Canada, allowing them to improve their credit scores. The service costs $5 per month. (The Logic)