Startups
Canadian companies: funding, acquisitions and layoffs.
- Daily Briefing
Jensen Huang quits Nvidia, instant payments go live, and Microsoft 365 goes dark
The week in Canadian tech: Huang's exit and our pensions, Real-Time Rail's first eight, a two-day Outlook outage, Bill C-22, Xplore, Rogers and Blue J.
- Feature
Canadian small businesses aren't just buying AI tools. Some are building their own
AI use among Canadian businesses has tripled in two years. A Cambridge sign shop shows the next step: building free tools of its own on open-source AI that runs in your browser.
- Daily Briefing
Nvidia may oust Jensen Huang, Rogers' hockey fight hits the CRTC, and Koodo's 3-year loans
Nvidia's board reportedly moves on its CEO, rivals take Rogers to the CRTC over Monday hockey, TSMC backs Anthropic and OpenAI, and more.
- News
Toronto's Blue J raises $176 million USD for AI tax research, at a $700-million valuation
The U of T spinout, whose AI answers tax questions for accountants, now has more than 6,500 client firms. Most of the new money goes to early holders.
- Daily Briefing
Budget day, AMD's $2.9-billion Taalas price tag, and a $20-million phone scam in Edmonton
The federal budget lands at 4 p.m., AMD prices its Toronto chip deal, Gemini starts shopping for Canadians, Unifor targets Amazon, and Edmonton police bust a phone scam.
- News
AMD is paying about $2.9 billion USD for Toronto's Taalas, one of the biggest Canadian tech deals in years
A securities filing puts a price on AMD's August deal for the Toronto AI chip startup: cash and stock worth about $4.1 billion CAD, with half tied to conditions.
- News
Shopify grew 32 per cent and still disappointed investors. Here's what the numbers say
Shopify's Q3 revenue rose to $3.74 billion USD, a hair under forecasts, as profit and cash flow jumped. Finkelstein is betting on AI shopping agents.
- Daily Briefing
Shopify misses, Hydro-Québec warns of a power shortfall, and how Binance got robbed
Shopify's first revenue miss in four years, Hydro-Québec sees a deficit from 2029, a First Nation takes on Wonder Valley, and Binance explains its $6.3-billion hack.
- News
Ottawa's $1.6-billion Cohere stake: what Canada gets for its money
The federal government is buying into Toronto's Cohere in a round of up to $7 billion. Here are the conditions, the other investors and what we don't know yet.
- Daily Briefing
Ottawa buys into Cohere, Rogers fined $15 million, and DoorDash bids for Instacart
Ottawa commits up to $1.6 billion to Cohere, a tribunal penalizes Rogers over 'unlimited' ads, DoorDash wants Instacart, and students get a free year of Gemini.
- Daily Briefing
Midweek roundup: a touchscreen Mac, a $13.8-billion Wealthsimple, and ChatGPT's favourite newsroom
The week so far in Canadian tech, five stories we haven't covered yet, and the odd and funny bits worth knowing about.
- News
Wealthsimple raises $425 million at a $13.8-billion valuation
Existing investors led by Singapore's GIC put in new money and bought shares from employees. Wealthsimple now has more than 4 million Canadian clients and $169 billion in assets.
- News
Toronto's Zafin buys Naehas, its first big deal since Nordic Capital took control
The banking software company is buying a Palo Alto offer-management firm for a reported nine-figure sum, and says it will then count 16 of the top 20 U.S. banks as customers.
- Daily Briefing
Canada's launch problem, Amazon's union risk scores, and a $140-million Coinkite lawsuit
SpaceX winds down Falcon 9 bookings, Amazon scored B.C. warehouses for union risk, Coinkite is sued, iFixit opens the iPhone Duo, and clocks change Nov. 1.
- Daily Briefing
BioWare closes, Rogers adds a credit card fee, and Tenstorrent raises $1.5 billion
The week in Canadian tech: EA shuts its Edmonton studio, Rogers bills get a 1.6% card fee, Ottawa details its VC money and proposes stablecoin rules.
- News
Dayforce buys Toronto's Ribbon AI, whose voice agent runs job interviews
The HR software giant, itself being taken private by Thoma Bravo, picks up a three-year-old startup that has run more than a million AI screening interviews.
- Daily Briefing
Ontario opens the door to AirPods as hearing aids, Ottawa details its VC money, and 1Password grows
OTC hearing aids in Ontario, the $750-million VC breakdown, 1Password passes $500M USD, Neo's credit line, Bell's roaming rules and Freedom in Manitoba.
- News
Furniture e-commerce platforms Cymax and CommerceBear reportedly shut down
Burnaby's Cymax and Toronto's CommerceBear both built tools for selling furniture online. Both appear to have closed amid a sales slump and tariff pressure.
- News
Neo Financial lines up $185 million from ATB and credit unions
The Calgary fintech's new warehouse facility funds its credit card lending, after a year that cost it Tim Hortons, The Bay and 10% of its staff.
- News
Waterloo's Hive takes $27 million USD, and most of it isn't for Hive
Frontier Growth leads a mostly secondary Series B in the profitable live-event marketing company, buying out its first institutional investor.
- Daily Briefing
Carriers want phone locking back, a Quebec rocket company plans to hire, and Air Canada adds a fee
Rogers, Bell and Telus's CRTC wish list, Reaction Dynamics' $350-million plan, Amazon's holiday hiring and a $30 Air Canada phone booking fee.
- Daily Briefing
Publishers sue Anthropic, Tenstorrent raises $1.5B, and Shopify's CTO steps down
A copyright suit and a data centre petition, a giant chip raise, Shopify's leadership change and Apple's Oct. 28 event.
- Daily Briefing
Apple's new home lineup gets Canadian prices, Lightspeed cuts 250 roles, and EV chargers grow
HomeView, Apple TV 4K and HomePod mini 2 pricing in CAD, Lightspeed's latest cuts, Canada's Q3 charging buildout, and a Quebec TV show drops iPhones.
