Federal government’s updated work-sharing program more open to startups amid COVID-19
In light of the COVID-19 pandemic, the federal government has introduced new measures to its existing work-sharing program,…
layoffs
Ritual cuts staff in half, reduces operations due to COVID-19
Toronto-based food ordering and mobile pickup app Ritual has laid off more than half of its employees and is set to reduce…
Morneau provides more detail on government’s 75 percent wage subsidy for Canadian businesses
The 30 percent decline in revenue needed for businesses to be eligible for the federal government’s 75 percent wage subsidy…
Québec organizations rally residents to buy from local startups on April 2
A group of organizations is putting together an event on April 2 that encourages Québec residents to buy a product or service…
Canadian startup news of the week (3/29/20)
Welcome to BetaKit’s startup stories of the week! Here, you will find the week’s most important news, features,…
Trudeau announces 75 percent wage subsidies, interest-free loans for Canadian small businesses
On Friday, Prime Minister Justin Trudeau announced that the federal government will now be providing 75 percent employees wage…
Ecobee lays off 10% of staff, cancels new product line in COVID-19 market
Toronto-based IoT thermostat startup Ecobee has laid off 47 employees, BetaKit has learned. Ecobee has confirmed the layoffs…
CEOs say lack of targeted support will shutter Ontario tech companies in open letter to Premier
More than 230 CEOs of leading tech enterprises and innovation hubs from Ontario have issued an open letter to Ontario Premier…
Rangle temporarily lays off 78 employees as financial pressures from pandemic hit #CDNtech
Toronto-based development agency Rangle.io has made the decision to initiate temporary layoffs for 78 employees, as financial…
#MoveTheDial pauses operations for foreseeable future amid COVID-19 pandemic
Canadian tech organization #MoveTheDial has decided to pause company operations “for the foreseeable future” as…
Canadian Senate passes $82 billion COVID-19 federal support package
The Canadian Senate has passed the $82 billion emergency support package introduced by the federal government over the past…
Borrowell survey shows financial strain Canadians are under amid pandemic
A new survey conducted by Toronto FinTech startup Borrowell has found that three in four Canadians are experiencing financial…
FinTech lenders urge government to expand COVID-19 loan measures to better support small businesses
The Canadian Lenders Association, a group that includes FinTech and alternative lenders, is calling on the federal government…
What Canadian provinces are doing to support businesses amid COVID-19
As the COVID-19 (coronavirus) pandemic has brought much of Canada’s economy to a halt, provincial governments are looking…
Survey finds Canadian small businesses seeing 50 percent revenue decline amid COVID-19
A survey conducted by Toronto-based FinTech startup Lending Loop has found that Canadian small businesses have seen an average…