Ottawa companies receive FedDev funding for AI, semiconductor, biotech work
FedDev invested nearly $20 million across nine Ottawa-based companies.
Ottawa
Shopify announces embedded AI as part of Summer 2024 Edition product updates
Shopify is using AI for image editing, product creation, customer support, navigation.
Parliament sets the stage to enact capital gains tax changes
Nearly all Conservative MPs, including leader Pierre Poilievre, voted against the motion.
Sonya Shorey officially named president and CEO of Invest Ottawa
Shorey held the lead on an interim basis following Michael Tremblay’s November 2023 departure.
Feds resume SDTC funding under NRC following damning AG report
Auditor General found “significant lapses” in STDC’s governance and management of public money.
Shopify acquires popular no-code checkout customizer Checkout Blocks
The acquisition has made Checkout Blocks’ starter version free for all Shopify Plus merchants.
Major skills shortage looming in cybersecurity, AI
Reskilling in emerging fields can help those impacted by recent layoffs.
US court overturns $40-million USD patent infringement verdict against Shopify
Shopify calls the judgment “a significant victory in the battle against patent trolls.”
New open letter from business groups condemns capital gains changes as “divisive”
CCI gathered approximately 2,000 signatures protesting the tax changes in a different letter last month.
Shopify posts revenue beat and surprise loss in Q1, touts European growth
Company plans to remain focused on building for long-term growth and profitability.
The Growcer raises $3 million Series A backed by former Farm Boy Co-CEO Jeff York
Growcer develops vertical farms in modular containers to help combat food insecurity in challenging climates.
ITIF president wonders whether Canada has the “political will” to fix its productivity issues
Rob Atkinson pines for a “killer instinct” while launching the CCIC.
Versaterm acquires American mental health platform for first responders
This is the public safety tech firm’s second acquisition within the past month.
Capital gains tax changes not included in feds’ Budget 2024 motion bill
Freeland continued to back tax changes but dodged questions about their absence from the motion.
How Canada’s capital gains tax changes might impact Canadian tech
BetaKit breaks down changes for tech founders, funders, workers, and firms.