The Vancouver-based investment firm said the new fund, its second in less than four years, includes cheques from institutional investors such as the Fondaction pension fund, Vancity and the University of Victoria. (The Logic)
Two weeks after the Ontario Securities Commission announced enforcement action against it, the British Virgin Islands-incorporated exchange is putting new identity-verification checks in place for individuals and businesses. (The Logic)
The adult video-sharing site, in operation since 2006, will close Sept. 5, according to a note sent to content producers and confirmed on the site itself. (The Logic)
It did not disclose financial terms of the deal for the Bangalore-based computer-vision tools and services company. (The Logic)
The world’s largest cryptocurrency exchange by volume has added to its growing list of troubles a criminal complaint in Thailand, a warning from Singapore, an alert from the Cayman Islands and a payment stoppage by a U.K. bank. (The Logic, Bloomberg, Reuters, Coindesk)
The local selling model, which took effect July 1, applies to ads sold by the company’s Canadian sales teams. The firm will now collect and remit tax on those sales, and report them to Canadian governments as part of its local subsidiary’s financials. Facebook declined to disclose how much of its Canadian ad revenue is generated by its in-country teams and would be subject to the new model. (The Logic)
A near-consensus among the 139 jurisdictions participating in OECD-led negotiations was announced Thursday. Finance Minister Chrystia Freeland called it “the next step in the global effort to end the race to the bottom in corporate taxation.” (The Logic)
Prime Minister Justin Trudeau went to Algoma’s Sault Ste. Marie steelworks Monday to announce the funding, which includes $200 million from a federal fund to cut greenhouse-gas emissions and a $220-million loan from the Canada Infrastructure Bank. (The Logic)
Though it’s been in near-full operation since late 2020, a project in Lac-Mégantic to test the benefits of tying multiple buildings to local electricity generation is getting an official blessing from federal minister Marie-Claude Bibeau. (The Logic)
Chinese authorities are investigating three companies or subsidiaries that recently went public in the U.S., including the ride-hailing company, amid a clampdown on national data-security risks. (Reuters)