Ssense reaches agreement with lenders on restructuring plan
Online retailer to continue under current leadership with $40 million in interim financing.
Amii receives $9 million from feds to equip energy workers with AI skills
Funding comes on top of nearly $20 million pledged last year for sovereign compute.
Christopher Skeete exits Québec’s innovation portfolio in cabinet shuffle
Christine Fréchette retains leadership of economy and innovation file, supported by two junior ministers.
Shopify COO Kaz Nejatian leaves to lead Opendoor
Nejatian leaves for US real estate firm where pay package could exceed $2.6 billion USD.
NordSpace granted new window for Canada’s first commercial rocket launch
Aerospace startup’s previous attempts foiled by weather conditions, faulty safety systems.
OpenAI pushes for Canadian publishers’ copyright lawsuit to be heard in the US
AI giant argues its models were trained outside of Ontario, while publishers say content is Canadian.
LocusX raises $3-million seed round to debug game code with AI
Platform aims to improve “fix rate” for developers facing growing demands.
Ssense wins temporary protection in battle with creditors
Montréal fashion retailer granted stay order as lenders push for a court-supervised sale.
Float launches SME “hybrid” accounts to take on Canada’s big banks
The startup’s no-fee, interest-bearing accounts aim to give small businesses more choice.
Evolo wants to bring choose-your-own-adventure AI marketing to banking and insurance
Toronto startup raises $3 million USD for generative AI vision.
SINs among customer data accessed in Wealthsimple security breach
FinTech firm says fewer than one percent of customers affected by now-resolved incident.
Tech and business groups embrace Competition Bureau study into small business loan fairness
Consultation to explore big bank dominance in business financing space.
NATO backs Canadian defence tech with nearly $1 million for two companies
Reaction Dynamics and Tactiql each get 300,000 euros as part of DIANA tech accelerator.
SRTX names BonLook co-founder Sophie Boulanger new CEO
Founder Katherine Homuth left the company in March.
InBC CEO Jill Earthy leaves after “mutual decision” with board
Earthy expects no short-term strategy changes as organization searches for new head.