Mark Usher named CIBC Innovation Banking lead after Mark McQueen announces departure
Usher follows in footsteps of former Wellington Financial colleague Mark McQueen, who is leaving for other endeavors.
Canadian Startup News
Alphabet commences Canadian layoffs
The cuts are part of Alphabet’s previously announced 6% staff reduction globally.
Report maps Indigenous representation in BC tech, calls for need to address systemic barriers
First Nations Technology Council encourages orgs to address workplace barriers, including access to capital.
Engineers needed across Canada
Autodesk, Deloitte, and Pixieset are all looking to hire.
Shopify invests in US-based e-commerce analytics aggregator Triple Whale
Triple Whale helps Shopify merchants unify business metrics into one dashboard.
CoinSmart to seek monetary damages from Coinsquare following collapse of acquisition deal
CoinSmart accepts deal is no more, intends to “commence legal proceedings against Coinsquare.”
Hippoc announces $3 million to help marketers test ad campaigns using neuroscience
Hippoc’s web-based platform can predict the cognitive impact of an ad before it goes live.
After selling startup to Instacart, New School Foods founder raises $15.9 million CAD to create plant-based meat
Toronto startup’s tech can produce plant-based salmon fillets.
How to grow investment in women-led startups
Women-led businesses are still underfunded, despite a multi-trillion market opportunity.
Lightspeed one-time net loss of $814.8 million USD sends Groundhog Day signal: six more weeks of tech winter
Lightspeed makes slight revenue gain but faces recessionary pressures in the marketplace.
CIBC Innovation Banking president Mark McQueen to depart for “next adventure”
McQueen joined CIBC through its acquisition of Wellington Financial in 2018.
VerticalScope becomes latest public tech firm to make layoffs with 22 percent staff reduction
Cuts come after VerticalScope’s business deteriorated in Q4.
Ada latest Canadian unicorn to make additional staff cuts
The layoffs come four months after Ada reduced its staff by 16 percent.
Invest Ottawa’s 10th birthday party comes with over $6.6 million in funding to support Area X.O
Invest Ottawa will use funding to create remote and simulation options for smart mobility R&D.
Winnipeg-based Cerebra to assist with provincial sleep test backlog
Contract with Manitoba will help alleviate backlog of province’s sleep study cases following pandemic.