Volkswagen’s battery-making subsidiary announced Thursday that it now expects to open its $7-billion gigafactory in St. Thomas, Ont., in 2029 amid lower demand for electric vehicles. (The Logic)
An investigation by the federal watchdog concluded that Kalibrate’s fine-grained information about gas-station sales could help Canadian retailers keep prices higher than they would otherwise be. The company has agreed to make only aggregate data available to its Canadian fuel-retail customers and to delay its release by at least 10 business days, the bureau said. (The Logic)
San Francisco-based startup PitPro Automation says the system is the first it’s put in the field. It can swap out a full set of four tires in under 15 minutes. PitPro is planning to install more units at other locations in the fall. (The Logic)
The Waterloo, Ont.-based company generated US$163 million in revenue for the quarter ended Aug. 31, up 26 per cent from the same period a year earlier and 10 per cent more than the company had predicted in June. Adjusted net income jumped 79 per cent from a year ago to US$43 million. (The Logic)
Giving the federal labour minister the power to end a strike by federally regulated workers in the name of the national interest is unconstitutional and the Canadian Union of Public Employees wouldn’t obey, its board decided. (The Logic)
It is the first major energy company to come out against separation ahead of Alberta’s Oct. 19 vote on independence. “As a national company, we believe a united Canada is the strongest position we can take to face the challenges and opportunities ahead,” CEO John Whelan said at a Calgary conference Tuesday. “Canada and Alberta work best when people, products, energy and investment can move freely and reliably across the country.” (Bloomberg)
The Toronto-headquartered startup will send staff to work with TD’s Layer 6 unit on ways that the financial institution can use AI in its operations and services for clients. The bank’s cash commitment is to pay Cohere for technology licenses and services over a three-year period, said Maksims Volkovs, TD’s senior vice-president of AI. (The Logic)
Hiring for Canada’s data-centre sector surged from the beginning of 2025 through August of this year, bucking a much weaker hiring environment across the broader technology sector, according to new data from Indeed. (The Logic)
Prime Minister Mark Carney suggested Tuesday that Canada and the U.S. join forces to ensure both countries have enough fertilizer without having to import potash from outside North America—including from Belarus. (The Logic)
The Organization for Economic Co-operation and Development, a Paris-based research group for advanced economies, warned Wednesday that governments will need to rein in or reallocate spending as debt-servicing costs consume a growing share of public budgets. (The Logic)