Plurilock phased out its CTO and COO, and its executive team took a voluntary, 30% pay cut as part of a broader cost-optimization effort.
10.03.2026 21:09
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Plurilock phased out its CTO and COO, and its executive team took a voluntary, 30% pay cut as part of a broader cost-optimization effort.
Industry minister Mélanie Joly says that, after a national security review, the government reversed course on proposed ban of TikTok's Canadian operations.
betakit.com/feds-say-tik...
The Google for Startups Accelerator has unveiled the 14 companies participating in its 7th Canadian program, one year after focusing the program on companies building with #AI or machine learning.
OSFI’s new Fast-Track Framework (launching June 2026) could make it faster and clearer for fintechs/challenger banks to enter Canada’s federal system.
Former Peoples Group CEO John Landry calls it a “wake-up call” for Canadian banks.
As part of its $6.6-billion Defence Industrial Strategy, the federal government is giving NRC $900 million for drone innovation hub and defence-focused IRAP stream
ICYMI: Eliot Pence says “Canada shouldn’t just buy [the] future from others."
His company, Dominion Dynamics, will invest $50M in an autonomous "wingman" designed to fly alongside, and support, human pilots.
Janet Bannister's Staircase Ventures has closed its 2nd fund at $50M CAD.
More than 80% of LPs from Staircase’s first fund have returned, including RBCx and Northleaf Capital Partners. They're joined by BDC Capital, the University of Alberta, and InBC Investment Corp.
📰In this week's BetaKit Newsletter, NACO and CVCA lay out competing visions for Ottawa's $750M venture envelope. PLUS:
🤝What happened at Sam Altman and @evansolomon.bsky.social's meeting
🧪 A cancer test that isn't looking for cancer
🏦Wealthsimple joins SWIFT
Dominion Dynamics’ autonomous wingman won’t buzz the tower, but it could patrol the Arctic
Dominion says it will invest $50 million to build a “sovereign autonomous wingman" that could help manned aircraft patrol Canada's north.
Read more:
UniUni didn’t name all investors who put up the $30M in equity, but SEDAR filings show multiple unnamed backers across Ontario, Québec, Hong Kong, and the Cayman Islands.
Alberta is making a hard pitch to data centre builders: energy, low taxes, cold climate, and speed. Minister Nate Glubish says the “home run” is digital sovereignty and keeping Canadian AI under Canadian jurisdiction.
UPDATE: EQB has received clearance from the Competition Bureau for its previously announced proposed acquisition of PC Financial.
The $800-million deal would create a combined digital bank representing nearly 3.5 million customers and give Loblaw ownership of 17 percent of EQB stock.
Svante Technologies' acquisition of Carbon Alpha Corporation includes the company’s flagship North Star carbon capture project in Meadow Lake, which is being developed through a partnership with the Meadow Lake Tribal Council and expected to be finished in 2028.
Montréal fashion giant Ssense laid off more than 200 people in February, just two days after its founders won a court battle to buy back the company and save it from bankruptcy proceedings.
OpenAI has agreed to a series of safety standards and systems changes in the wake of the mass shooting in Tumbler Ridge, BC, following a meeting between its CEO, Sam Altman, and Canada's Ai minister Evan Solomon.
Nala is a very good dog.
She is K9 Leak Hunters' "chief sniffing officer" and helps find gas leaks in pipelines. Blackline Safety says its gas detector helps her do that job better. Read more about the Calgary company's tech, and how its helping their first canine customer.
“We are watering the top of the tree while the roots are dying.”
NACO's Claudio Rojas warns against putting Ottawa's $750M support for early growth-stage #CDNTech companies only into later-stage capital. Meanwhile, @cvca.bsky.social is offering a much different vision for how to spend the money.
Syantra aims to create a breast cancer screening test that is more accurate in early detection than a mammogram and less expensive than an MRI.
To do that, it's developing a blood test that doesn't look for cancer at all.
Kraken Robotics is buying UK-based Covelya Group for $615M as it pushes deeper into dual-use subsea tech and the “fast-growing” defence market.
Spellbook is gearing up for a legal AI buying spree.
The Toronto startup has secured $40 million USD in debt financing from RBCx and says it wants to scoop up smaller competitors as it targets $100 million USD ARR this year.
Ottawa is putting just over $1.1 million into Landing Zones Canada to enhance its AI-powered autonomous drone technology.
The Medicine Hat company says its high-altitude aircraft could have both civilian and defence applications.
Government contracting is a huge market. It is also a mess to navigate.
Canadian-founded NationGraph has raised $18 million USD to use AI to help vendors find and act on public-sector contract opportunities hidden across budgets, meeting minutes, RFPs, and more.
.@evansolomon.bsky.social was at Volta today announcing support for the Halifax innovation hub, as well as AI projects at Université de Moncton, Digital Nova Scotia, and others.
.@wealthsimple.bsky.social is building on its international payments push as it becomes is the first Canadian FinTech firm to join the global SWIFT network.
Canadian AI is gradually reorganizing itself towards dual-use technology in military industries. @inrsciences.bsky.social's Mélina Poulin and Nicolas Chartier-Edwards argue this “quiet militarization” is happening in a regulatory void.
Canada’s small businesses ended 2025 with their sharpest quarterly sales growth drop since 2020.
A new Xero report points to economic uncertainty, supply-chain disruption, and shifting US trade policy as key pressures.
ALL IN is expanding beyond Québec.
Scale AI says it will hold satellite events Vancouver on April 15 and Toronto on May 28 as it looks to spark more AI collaboration and adoption across Canada.
The Government of Manitoba is hoping an $8-million increase to its venture capital tax credit cap will spur private investment and accelerate growth in the prairie province’s burgeoning startup scene.
