Fidji Simo has served on the grocery-delivery company’s board of directors since January, and worked at Facebook since 2011, most recently leading its app team. She starts Aug. 2. (The Logic)
The two governments will work to reach an average $10 per day cost for kids under six years old in regulated daycares before 2027. The partnership will also create 30,000 new spaces in the province over five years and cut fees for regulated spaces in half by the end of 2022. (The Canadian Press)
The Schulich School of Engineering is suspending admissions for its bachelor’s program amid declining enrolment, but will still offer a minor in petroleum engineering and integrate oil and gas content into other programs. (The Logic)
Dongguan, China-based Guangdong Oppo Mobile Telecommunications, which makes the OnePlus line of smartphones, submitted 281 applications to the Canadian Intellectual Property Office (CIPO) last year—the most of any entity. Nine of the top 10 were U.S. or Chinese companies. (National Post)
Changpeng Zhao, the Chinese-Canadian chief executive of the world’s largest cryptocurrency exchange by volume, admitted the company hasn’t “always got everything exactly right” but said he’s doubling his compliance team and working on relationships with regulators. (The Logic)
The Canadian bank, Brazil’s Itaú Unibanco, National Australia Bank and U.K.-based NatWest Group will pilot Project Carbon— a blockchain-based marketplace for businesses to buy and sell offsets to compensate for carbon emissions—starting in August. (The Logic)
London-based BeZero Carbon, a climate asset and liability management business, pre-purchased carbon-removal capacity from the Squamish, B.C.-based company’s direct-air-capture technology. BeZero’s customers can purchase those as part of a bundle or in individual units. (The Logic)
Premier Iain Rankin’s office said the government will waive all regulatory fees for businesses in their first two years and create a “one-stop shop” for startup permits. (The Logic)
The company expects to raise US$686 million in gross proceeds, which will go toward hiring and expanding into new territories. Vernon, B.C. is one of the 10 most-engaged communities on the location-based social network, according to a presentation announcing the deal with Khosla Ventures Acquisition Co. II. (The Logic)
The federal government is almost ready to seek bids to build a new high-frequency rail line in Canada’s busiest transportation corridor, Transport Minister Omar Alghabra announced Tuesday morning. The project could cost as much as $12 billion and is to be completed by 2030, he said. (The Logic)