BDC outlines how it will deploy $1 billion from its Defence Platform into funds and startups
Crown corporation increased direct defence investment capacity and pledged more to defence-focused fund-of-funds.
Briefs
Carney announces Productivity Mega Deduction tax incentive to spur business investment in Canada
At Canada Investment Summit, PM revealed proposed tax incentive and other measures to attract foreign capital.
Bell announces $50-billion buildout to produce Canada’s largest data centre in Saskatchewan
Non-binding MOU would be largest private capital investment in province’s history, quadrupling planned capacity.
Canada FinTech Forum kicks off with a bang after shots fired over Real-Time Rail delays
Wealthsimple government relations leader says Canada should have had real-time rail five years ago.
Cohere CEO Aidan Gomez says Canada could become a data centre superpower
Remarks at the Canadian Global Growth Forum follow recent guidelines on data centre development in Canada.
Intrepid Growth Partners secures $525-million USD final close for inaugural AI fund
Former leaders from OMERS, CPPIB, and CDL lead fund to find “the next generation of AI founders.”
Canada, Ukraine tap Canadian drone companies in binational deal
Companies from New Brunswick, Quebec, Ontario, and Saskatchewan among those receiving contracts.
Regulatory AI company Ultimarii raises $13-million Series A round
BDC and Mistral Venture Partners led the financing round, with additional support from IRAP.
Micrologic raises $45 million for sovereign cloud services
Québec-based sovereign cloud provider aims to win more contracts across Canada.
CIBC commits $2 billion to financing smaller defence and dual-use businesses
Toronto-based bank joins BMO, RBC, and Canada’s other big banks in ramping up its support for defence.
Wittington Ventures closes third, $180-million VC fund
Weston family-backed firm plans to back 15 more startups.
Galaxia raises $4.5 million to bring satellite computers to Canada’s space race
Halifax startup developing AI-powered satellites that can process and analyze data in orbit.
Manitoba invests $4 million to develop geothermal neighbourhood
The project is part of the province’s Net Zero Action Plan aimed at reducing carbon emissions.
Clay lands $115-million USD Series D at $7-billion valuation
Canadian-founded go-to-market startup wants to become “the AI growth engine for every company.”
Celestica, MDA Space, Telesat among tech names on 2026 TSX30
Companies with hardware plays were Canadian tech’s only entrants, while prominent software companies fell off list.