Ottawa gives NRC $900 million for drone innovation hub and defence-focused IRAP stream
Commitment comes through $6.6-billion Defence Industrial Strategy.
Dominion Dynamics says it will invest $50 million to build a “sovereign autonomous wingman”
Uncrewed aircraft will be designed to fly alongside crewed fighters.
UniUni raises $85 million USD as it scales gig-powered delivery across North America
Beijing-based PE firm leads $30-million equity round, with RBC providing $55-million credit facility.
OpenAI sets new safety standards following Solomon meeting and pressure over Tumbler Ridge response
After meeting with Sam Altman, Canada’s AI minister says OpenAI is taking “immediate actions.”
Kraken dives deeper into defence with $615-million Covelya Group acquisition
Acquisition would create a larger subsea player spanning defence and commercial markets.
Ottawa puts $8.5 million behind 40 Atlantic Canadian AI projects
Evan Solomon announces support for Université de Moncton, Volta Labs, Digital Nova Scotia, and others.
Wealthsimple becomes first Canadian FinTech to join SWIFT network
Membership continues Toronto firm’s push into international payments.
Canada’s small businesses felt the “true cost of a fractured global economy” in late 2025
Xero report shows largest quarterly decline in sales growth since fall 2020.
Damon CEO, CFO, and board resign following prolonged struggle on public markets
Company’s future uncertain as more than 3,000 people wait for a Damon electric motorcycle.
How PeerSupport.io is helping Yukon docs send referrals using only their voice
Clinicians can tell CoWork to send referrals, renew prescriptions, finish notes, and more.
Real estate investment platform Addy enters restructuring one year after fine from regulators
Addy’s crowdfunding approach aimed to democratize access to real estate investments.
U of T taps BioLabs to take over incubator after Johnson & Johnson pulls support
University says partnership ensures 30-plus early-stage startups under JLabs can continue their work.
L-Spark completes its first cohort as a corporate accelerator
Executive director sees more to do after eight companies make inroads to telecom giant Mitel.
Business leaders urge Ottawa to extend employee ownership tax incentive
Short-lived tax break encouraging founders to sell to employees is set to expire this year.
A16z speedrun alum General Magic secures $7.2 million USD to make calling your insurance company less of a slog
Toronto startup’s AI agents communicate with customers through text message.