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News
Carmichael: Canada’s culture of risk aversion has created an economic doom loop
57+ min ago (470+ words) Established companies don’t want to invest, and talented people don’t want to create new ones I grew up on a farm in rural New Brunswick. I’m writing this instead of protecting potato fields from blight because I was conditioned at…...
Most of you think AI will change your job, but not replace you
1+ day, 2+ hour ago (689+ words) AI is entering workplaces across the country, and Prime Minister Mark Carney’s national AI strategy says adoption of the technology will create $200 billion in economic growth and 250,000 AI-related jobs over the next five years. As corporations rush to recruit heads…...
Wealthsimple draws $17B as chequing accounts outpace investing
1+ day, 17+ hour ago (223+ words) The Logic Canada's Business and Tech Newsroom The Toronto-based fintech reported approximately $17 billion in net inflows during the second quarter, lifting assets under administration to $155.6 billion, up 25 per cent from the previous quarter and 84 per cent year over year. (The…...
Canada Goose shrugs off Trump’s 50% tariff threat
1+ day, 16+ hour ago (608+ words) New duties on Canadian exports would hit its parkas, but Asia is a much bigger market for the luxury clothier Canada Goose shrugged off being an apparent target of President Donald Trump’s latest tariff threats Thursday as it reported its…...
The $20B risk at the heart of Carney and Smith’s grand pipeline bargain
2+ day, 2+ hour ago (1288+ words) The oilpatch once called Ottawa’s pipeline-for-Pathways bargain “unfinanceable.” Now the industry seems to be changing its mind. Nevertheless, on July 2 Carney and Smith met the cameras at a piping parts warehouse in a southeast Calgary industrial park to announce the…...
Brookfield and NextEra to build a US$100B data-centre campus in Kentucky
2+ day, 15+ hour ago (267+ words) The Logic Canada's Business and Tech Newsroom The asset management giant and Florida-based power utility—the largest in the U.S.—are building the facility on the site of a defunct Cold War uranium-enrichment plant. It will include a two-gigawatt natural gas-fired…...
Extropic gets US$75M from U.S. government for more efficient chips
2+ day, 16+ hour ago (273+ words) The Logic Canada's Business and Tech Newsroom The U.S. Commerce Department will issue the financing via its semiconductor R&D program. Extropic, which is based in San Francisco and Waltham, Mass., will use the funding to develop its thermodynamic sampling unit…...
Energy companies suffer the most expensive cyber breaches, IBM finds
2+ day, 20+ hour ago (241+ words) The Logic Canada's Business and Tech Newsroom The average cost of a successful cybersecurity attack on a Canadian firm has reached $7.11 million, IBM reported Wednesday. That’s up from $6.98 million last year. Energy organizations have it worst, with the average cost…...
Meet Canada’s leading innovators from the Class of 2026
3+ day, 2+ hour ago (956+ words) The Logic Canada's Business and Tech Newsroom The future of Canada’s innovation economy is being built today, and The Logic has a front-row seat. For the ninth time, The Logic has combed through Canada’s top-ranked engineering and computer science universities…...
French upstart Alan wants to bring more AI to Canada’s health insurance market
4+ day, 1+ hour ago (581+ words) The Ontario Teachers’-backed firm bets on virtual care, AI wellness advice and a direct-to-employer model in a benefits market its CEO says has room for a new challenger TORONTO — French firm Alan is recruiting doctors in Canada for a…...