Shopify and VitalHub return to TSX top 30 list while Propel Holdings and MDA Space make debuts
Canadian tech delivers the strongest average share price increase in this year’s rankings.
Hardware
Elon Musk’s SpaceX knocks MDA Space out of $1.8-billion satellite deal
Shares of Canadian space firm plunged 20 percent after EchoStar’s sudden strategy shift.
NATO backs Canadian defence tech with nearly $1 million for two companies
Reaction Dynamics and Tactiql each get 300,000 euros as part of DIANA tech accelerator.
SRTX names BonLook co-founder Sophie Boulanger new CEO
Founder Katherine Homuth left the company in March.
FDA approval marks “most significant milestone” in Kardium’s history
Burnaby firm gets US green light for innovative system to treat atrial fibrillation.
NordSpace’s rocket launch thwarted by faulty safety system, weather delays
Attempt at delivering the first Canadian commercial rocket launch delayed until at least September.
Astrus announces $11 million CAD to automate semiconductor design with AI
Astrus aims to tackle a remaining bottleneck in chip design: analog circuits.
Construction tech startup Mechasys lays out blueprint to scale with $23-million Series A
Startup aims to produce laser projector for construction sites in Montréal despite tariff concerns.
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.
General Fusion staves off funding crunch with $30 million CAD to fuel quest for commercial fusion power
CEO’s public plea answered as company resumes advancement of its fusion demonstration program.
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.
Deep Sky boots up inaugural direct air carbon capture facility in Alberta
Cleantech company plans to remove 3,000 tonnes of CO2 from the air by the end of the year.
Canadian-led Aalo Atomics raises $100-million USD Series B for its nuclear power plans
The startup says it can now build its first power plant.
BDC commits another $200 million to startups building tech for legacy industries
Second Industrial Innovation Venture Fund to have increased focus on critical minerals.