MDA Space will buy 567-million-euro majority stake in French satellite company
Acquisition will create one of the largest space-based geointelligence businesses in the world, MDA says.
Ontario
Ontario gets new fund to back university life sciences spinouts
U of T, McMaster, and Ontario government team up on new $40-million fund.
Xanadu visits the White House for quantum summit
Toronto quantum computing firm was the lone Canadian representative in attendance.
OpenText lays off two percent of its workforce
Roughly 400 global employees are now out of work, but OpenText says Canadian impact is “minimal.”
Canada’s telco and banking incumbents form AI consortium
Scotiabank, Sun Life, Telus, and Lightworks team up to build AI infrastructure at the enterprise level.
ElevenLabs to open Toronto office and double Canadian headcount by end of 2026
Max Lemmens will lead AI voice startup’s expansion efforts as new Canadian GM.
Mortgage B-lender Haventree launches online bank
Schedule 1 Canadian bank now offers chequing-and-savings accounts and GICs.
Descartes cruises into Latin America with acquisition of last-mile management platform Drivin
Waterloo-based logistics tech firm makes its 37th acquisition since 2016.
Katalyze AI thinks the future of pharma operations is teams of AI agents
WFHomie co-founder and former Sanofi leader close $10.5 million USD to speed drug development.
For Canadian femtech, women’s autonomy is part of the business model
Virtual healthcare that puts women’s control at the forefront is attracting VC dollars.
Canada’s Arctic defender looks south?
Plus: Shopify and Shopline settle copyright suit.
Paystone enters creditor protection, pursues debt restructuring, sale
London FinTech firm says debt-fuelled acquisition spree, billing error leave its options limited.
Telesat donates satellite capacity for Venezuela’s recovery efforts
Local telecom to use connectivity for communications and emergency response.
Vancouver Police sergeant becomes first Canadian ALS patient to receive Neuralink brain implant
Toronto’s University Health Network debuts new neurosurgical technique to insert Elon Musk-owned medical device.
Shopify settles copyright lawsuit with rival Shopline
Shopify had accused Singapore-based Shopline of copying its e-commerce software.