Shopify, Lightspeed among Canadian tech stocks dragged down in US tariff-spurred market plunge
Economists, companies share bleak outlook as global markets see one of their worst days in decades.
Trulioo taps former Nuvei exec Vicky Bindra to take over for retiring CEO Steve Munford
Munford, who led the company to unicorn status, will work with Bindra to ensure a smooth transition.
“Changes nothing”: Canadian tech still in limbo as country escapes worst of US tariff wave
PM Mark Carney: US has signalled additional tariffs on pharmaceuticals, semiconductors.
Crypto exchange Kraken gains restricted dealer licence and new leader of Canadian operations
Cynthia Del Pozo takes the place of Alex Mehrdad, who held the role for just over a year.
Raven Capital cultivates Indigenous-led biotech company AdvancedAg with $2-million seed investment
Funding to support family-owned company develop IP and expand in North America.
Ontario subsidizes Siemens’ new R&D facility after CEOs plead province to prioritize homegrown production
The Invest Ontario Fund will cover $7.2 million of the German giant’s $150-million investment.
Well Health to exercise call options that give majority controlling interest in strategic partner Healwell AI
Call option exercised in conjunction with Healwell’s acquisition of New Zealand healthtech company.
Fractional real estate investment platform Addy becomes exempt market dealer after BCSC fine
Startup paid $100,000 fine for trading approximately $26 million of securities while unregistered.
Movement51 appoints former DMZ leader Emily Smiley as executive director
The51 sister org aims to help woman-identifying and gender-diverse people build their financial confidence.
Basetwo emerges from CIX Summit 2025 as Canada’s representative for the Startup World Cup
Clio founder Jack Newton also recognized as CIX Innovator of the Year.
Lightspeed to expand and revamp sales team as part of revised go-to-market effort
Execs said direct sales will help company’s two “leading growth engines” at Lightspeed’s Capital Markets Day.
Descartes nabs another American company with $164.4-million acquisition of 3Gtms
Acquisition expands logistics software company’s North American reach and adds network of carriers.
ExxonMobil takes CoLab Software’s AI tool out to sea with $5.6-million oil rig partnership
R&D funding supported hiring of 17 full time employees at CoLab’s St. John’s headquarters.
Seventy-five Ontario CEOs sign open letter calling on Premier Doug Ford to prioritize homegrown innovation
Demanding letter seeks provincial procurement and funding overhauls in the first 100 days of Ford’s new mandate.
Lightspeed scales back fiscal 2025 revenue outlook as “several macroeconomic conditions have deteriorated”
Lightspeed saw same-store sales and business formation decline as the trade war heated up in February and March.