Tetra Trust parent secures backing from banks, FinTechs to launch Canadian stablecoin
ATB Financial, National Bank, Purpose Unlimited, Shakepay, Shopify, and Wealthsimple have backed Tetra’s vision.
Govt
‘Mission is a go’ for Canadian defence tech
Plus: Cohere co-founder calls out Sam Altman for AGI hype.
Tech and business groups embrace Competition Bureau study into small business loan fairness
Consultation to explore big bank dominance in business financing space.
Calgary’s Energy Transition Centre secures $10-million expansion investment
OCIF and PrairiesCan among investors aiming to support training and commercialization.
Ontario bets on made-in-province healthtech with streamlined Innovation Pathway
Industry leaders say program could be “turning point” for Ontario’s health system.
FDA approval marks “most significant milestone” in Kardium’s history
Burnaby firm gets US green light for innovative system to treat atrial fibrillation.
InBC CEO Jill Earthy leaves after “mutual decision” with board
Earthy expects no short-term strategy changes as organization searches for new head.
FedDev Ontario pledges millions to support Black entrepreneurs
The $2.4 million CAD will support the Black Entrepreneurship Alliance’s incubator programs.
Isabelle Hudon says BDC is getting ready to support Canada’s defence tech sector in “a more aggressive way”
Latest report shows Crown corp. hiked VC investments and contended with “correction on valuation” in fiscal 2025.
Proposed SR&ED changes could boost tech companies and national productivity, experts say
Both private and public Canadian companies could claim capital expenditures again if legislation advances.
Federal challenge grants Photonic and Xanadu funding to advance quantum defence tech projects
Quantum computing firms among the 19 semi-finalists in latest DND-led IDEaS challenge.
Semiconductor manufacturer Ranovus plans $100 million expansion of Ottawa facility
Ontario supports investment with $2 million grant following industry calls to support homegrown innovation.
North Vector Dynamics secures $4.2-million contract with National Defence for hypersonic propulsion
Calgary-based startup says Canadian VC interest in military technology is growing.
Sovra appoints new CEO Tom Spengler as it sells off “non-core businesses” to focus on government tech
Formerly known as MDF Commerce, the now-private Montréal company has also acquired Calgary’s Ontopical.
Feds sign new agreement with Cohere to explore AI uses within government services
AI startup partnered with the Canadian government in June on AI research and safety.