Canadian AI firm Cohere in advanced talks to raise up to $3-billion, sources say

Deal would value the company at $20-billion and rank as the largest on record by a private Canadian startup

theglobeandmail.com

Opinion: The federal gas tax cut: Great politics and a terrible investment

Ottawa estimates that the full cost of the measure will be $5.3-billion. Every cent goes straight to the deficit and debt

theglobeandmail.com

Olivia Leng’s startup takes on one of quantum computing’s biggest challenges

Meissner draws support from tech luminaries, including CEOs of Xanadu, General Fusion and Ada

theglobeandmail.com

AbCellera stock soars on ‘off the chart’ trial results from hot flash treatment for menopausal women

Drug, called ABCL635, was found during an 92-person trial to deliver significant improvements in the frequency and severity of hot flashes compared to those who were taking a placebo

theglobeandmail.com

Has Canada’s biotech moment finally arrived?

As the world’s life sciences sector rebounds, Canadian drug developers are poised to prosper. But can the sector avoid getting hollowed out by acquisitive pharma giants?

theglobeandmail.com

How St. John’s has become an unlikely hub for tech startups

As stemming the outflow of top Canadian talent to the U.S. becomes a larger priority, Newfoundland’s success story holds lessons for the rest of Canada

theglobeandmail.com

U of T, McMaster anchor new venture capital fund to back life sciences spinouts

Fund managed by Genesys Capital also draws backing from Ontario, RBC and Temerty family

theglobeandmail.com

Canada’s AI strategy to fund national health data project to improve care, investment, minister says

Funding for Vital program, borne from successful Gemini initiative, aims to improve quality of data available to researchers

theglobeandmail.com

Nord Quantique valued at $1.4-billion as Fidelity backs Sherbrooke quantum startup, sources say

Becomes fourth Canadian-founded quantum computer developer to hit 10-figure valuation

theglobeandmail.com

Canadian tech star PointClickCare has contingency plan to move to U.S. if trade war worsens

If forced to pick between Canada and the U.S. for its home base, that country would be the U.S., CEO says

theglobeandmail.com

OMERS, other Canadian backers sitting on massive Xanadu stock returns – but they can’t sell yet

While early investors are subject to a lock-up and can’t sell until late September, some of their paper returns at the moment beggar belief

theglobeandmail.com

Vancouver billionaire Ryan Beedie is good at almost everything

There’s just one thing he hasn’t managed to pull off: convincing one of his kids to take over his ever-expanding empire

theglobeandmail.com

Toronto startup Biossil aims to give failed drugs new life with AI

Company uses LLMs to find and repurpose promising drugs that initially failed trials

theglobeandmail.com

Wealthsimple clears regulatory hurdle to bring prediction trading to Canada

Approval for online financial services platform permits it only to offer contracts tied to economic indicators, financial markets and climate trends

theglobeandmail.com

CoolIT sold to Ecolab for $4.75-billion in one of biggest ever Canadian tech takeovers

Sale of Calgary-based supplier to data-centre industry will provide a bounty to owners KKR and Mubadala - and a big payout to employees

theglobeandmail.com

War, what is it good for? For the Liberals, making excuses

For Canadians worried about expensive housing or finding a job, It’s not the government’s fault, it’s that damn war in the Middle East

theglobeandmail.com

Weston family funding launch of a national digital-media startup, sources say

The non-profit online publication, being developed under the working title Be Giant, is preparing to debut this spring

theglobeandmail.com

Does Georgian have its groove back? VC firm touts recent momentum to LPs as it aims to raise US$1-billion

Its latest fund, its first growth vehicle since 2023, comes after challenges stemming from burst of COVID-19 tech bubble

theglobeandmail.com

Bar-stool inspiration turns Taiv into Winnipeg’s hottest startup since SkipTheDishes

Company that swaps ads from bar TV screens for its own commercial feed raises US$13-million after 7,432-per-cent revenue growth

theglobeandmail.com

Arlene Dickinson and Amber Mac cut ties with Canadian social media startup Gander Social

Canadian broadcast stars quit after failing to reach terms on investment or advisory roles

theglobeandmail.com

Hootsuite CEO says ‘what we are watching unfold right now is wrong’ while defending ICE contract

Chief executive did not mention role of federal agents in the shooting deaths of Renee Nicole Macklin Good and Alex Pretti in Minneapolis in letter to employees

theglobeandmail.com

Waabi launching robotaxi fleet with Uber after raising US$750-million

Toronto company’s deal with Uber marks its first expansion outside of autonomous trucking

theglobeandmail.com