Canada ranks 12th in Shopify’s first report on economic impact of merchants
Canada’s Shopify merchants lag behind on economic impact compared to smaller economies.
Ottawa
Shopify cuts 20 percent of staff, announces sale of logistics division
“There’s no way to make this good news,” Shopify CEO tells employees in company letter.
Shopify backs Nigeria-based FinTech Nomba in $30 million round
Nomba provides payments and banking tools for businesses.
As Bill C-11 passes, YouTube influencers, content creators express concern while Big Tech quiet
Bill C-11, the so-called online streaming bill, passed on April 27.
Academics, CEOs push for AI regulation, as Canadian companies race to adopt the technology
Ada, AlayaCare, Hootsuite, and Unbounce have all rolled out new AI products.
Unreserved dismisses portion of $25 million lawsuit against real estate associations as new regulations for open bidding expected
The lawsuit remains active against the Ottawa Real Estate Board.
Federal #Budget2023 includes cleantech commitments, little else for innovation
Budget 2023 includes $500 million to SIF for cleantech projects, billions in clean energy tax credits.
Canadian government ups semiconductor focus, invests $36 million in Ranovus
Ranovus investment part of a $100-million project to advance Canadian semiconductor manufacturing, production.
Rewind cuts 27 percent of staff as its growth slows in parallel to Shopify
Amid downturn, e-commerce slowdown, Rewind targets breakeven.
Shopify enterprise merchants can now use Google’s AI tools to improve searchability
Google Cloud’s integration increases access to Google’s search and browsing technologies.
Ericsson sets up new quantum research hub in Montréal
Telecom tech provider has also partnered with University of Ottawa and Sherbrooke.
CVCA CEO: Tech still needs influx of capital given possible investor pullback, even as liquidity concerns calm
Longer-term impact of SVB fallout has some in Canadian tech worried.
Canadian tech calls on feds to inject more liquidity into sector to avoid SVB-caused “full-blown crisis”
Letter asks Government of Canada to extend bridge financing program, guarantee secured loans on SVB deposits.
Able Innovations strikes deal with Ottawa hospital for robotic patient transfer tech
Able Innovations’ robotic medical device addresses problem of patient transfers.
Semiconductor firm GaN Systems to be acquired by Infineon for $830 million USD
GaN Systems CEO says Infineon will enable company “to unleash our full potential.”