Bank of Canada orders XTM to cease retail payment activities after investment regulator halts trading of its stock
Bank cites “serious concerns” that XTM failed to safeguard client funds as customers report missing money.
Canadian Startup News
From Amharic to Zulu: Cohere’s new multilingual AI model supports more than 70 languages
Toronto scaleup says Tiny Aya can run in regions where large-scale infrastructure isn’t always available.
From client to cap table: Shakudo converts customers into investors with $7-million USD raise
New backers with ties to Loblaw and CentralReach invest in Toronto startup.
Feds’ $6.6-billion Defence Industrial Strategy takes aim at building a “robust” Canadian defence sector
DIS outlines a “build-partner-buy” framework and plans to name “national champions.”
Cohere reportedly soars past revenue target, with $240-million USD ARR
Canada’s AI champion had projected $200 million USD ARR last year.
Ottawa, Gatineau launch defence innovation task force in bid for NATO defence bank
Task force features mayors, a retired general, and leaders from One9 and Ranovus.
Black Business Ventures Association brings Dragons’ Den energy to Edmonton Unlimited
Pitch night spotlights homegrown startups and growing tech talent.
Mesosil’s infection-fighting dental tech gets FDA clearance
Green light lets Toronto-based startup’s technology be sold in US market.
Photonic claims “world-first” quantum teleportation across Telus fibre network
Quantum company deepens partnership with investor and telecom giant.
Apple strikes deal to acquire Canadian database software startup Kuzu
US tech giant confirmed the October 2025 deal in a disclosure to the EU.
Alberta invests $28 million in six projects to improve environmental outcomes
Funding comes from province’s industrial carbon pricing revenue on large emitters.
Kainova closes $32 million to advance cancer and inflammation therapies
New backer Investissement Québec led the first close of the biopharma firm’s Series B round.
Inside the Edmonton facility building quantum’s hidden infrastructure
Zero Point Cryogenics is manufacturing the extreme-cold systems behind quantum computing.
Backboard.io claims its AI has a better memory than yours
Ottawa startup’s AI platform outperformed other models on two memory benchmarks.
A seat at the table: Founders Dinner comes to Alberta
Graeme Barlow’s dinner series offers curated networking with strict no-sales rules.