Canada hopes to build a sovereign cloud to counter US dominance. It won’t be easy
The alignment on need for Canadian-controlled infrastructure has not yet been met with a plan to execute.
hardware
Sheertex maker SRTX confirms permanent cuts for 92 employees
Montréal startup formalized August dismissals shortly after CEO handoff to BonLook co-founder Sophie Boulanger.
FluidAI lands FDA clearance to sell post-surgery monitor in the US
Kitchener-Waterloo healthtech startup eyes Series B to fuel US commercialization.
Loblaw expands Gatik deal to 50 driverless trucks by 2026
Renewed partnership moves beyond trials to serve more than 300 GTA stores.
Exro Technologies shuts down US business as possible TSX delisting looms
Struggling EV tech company will cut non-essential US staff.
North founders launch Jetson with “smart” home heat pump
Ex-Thalmic team targets home heating with software-first approach.
NordSpace granted new window for Canada’s first commercial rocket launch
Aerospace startup’s previous attempts foiled by weather conditions, faulty safety systems.
Exro Technologies CEO resigns as stock price plummets
Struggling EV tech company laid off 60 workers last week.
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.
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.