Lightspeed stock sinks despite narrower net loss, revenue beat in fiscal Q1
Montréal firm reveals it cut three percent of workforce amid AI and productivity push.
Markets
General Fusion “pleased” with public-market debut after redemption-heavy SPAC deal
Deal gives fusion company enough cash to complete its current program.
General Fusion begins trading on Nasdaq, becomes first nuclear fusion company to go public
Richmond, BC-based firm hopes to make nuclear fusion power plants commercially viable.
OpenText lays off two percent of its workforce
Roughly 400 global employees are now out of work, but OpenText says Canadian impact is “minimal.”
Well Health to spin out and publicly list pure-play software business on TSXV
Vancouver-based healthtech has been preparing to spin out Wellstar since 2024.
Descartes cruises into Latin America with acquisition of last-mile management platform Drivin
Waterloo-based logistics tech firm makes its 37th acquisition since 2016.
Shopify settles copyright lawsuit with rival Shopline
Shopify had accused Singapore-based Shopline of copying its e-commerce software.
NorthStar secures $40 million to track space threats for Canada’s air force
Montréal-based space tech company plans to go public this fall via SPAC.
New lawsuit accuses UniUni of sabotaging rival’s deliveries after lost contract
Richmond, BC-based last-mile delivery company denies allegations as it prepares to go public.
Shopify ups share buyback program as activist investors question AI policies
Canadian e-commerce giant’s stock price is down nearly 27 percent since the beginning of the year.
Robinhood officially enters Canada, following WonderFi acquisition
WonderFi’s president and CEO departed following the close of the deal.
Nasdaq spinoff sues Hiive for patent infringement
Nasdaq Private Market says Hiive violated patent for secondary sale settlement and clearance program.
WonderFi clears final regulatory hurdle to be acquired by Robinhood
More than a year after inking the deal, it’s finally slated to close on June 1.
Lightspeed completes year one of transformation plan with revenue beat, earnings miss
Retail tech firm focuses on key markets with share price down 20 percent on the year.
Xanadu reports larger net loss than expected, but quadrupled revenue in first public earnings report
Company eyeing the “big prize” of a Toronto-based quantum data centre by 2029.