Posthaste: Canada’s tech sector fuels growth across economy
The booming sector is expected to rise 5.3 per cent in 2022, study says Author of the article: Noella Ovid Publishing date: Feb 04, 2022 Canada’s technology services sector is fuelling growth across the economy and showing no signs of slowing down. According to a recent study by Business Development Bank of Canada (BDC), one in […]
RENORUN CLOSES $181 MILLION CAD SERIES B TO FUEL CANADA, US EXPANSION
BY JOSH SCOTT CANADIAN STARTUP NEWS FEBRUARY 1, 2022 RenoRun is building a vertically-integrated “one-stop shop” for construction materials. ontréal-based startup RenoRun has raised $181 million CAD ($142 million USD) to scale its building material delivery model across North America. The company’s Series B round, which closed in late December, was co-led by New York’s Tiger Global and California-based Sozo […]
There’s a vending machine for that: Why automated retail is becoming more the norm
‘Cake ATMs’ pop up at popular locations in Calgary Natalie Valleau · CBC News · Posted: Feb 01, 2022 Vending machines have taken a new, upscale form in the Canadian market, and experts say the pandemic, along with more innovative technology, have spurred this shopping trend. Most recently, “Cake ATMs” have been installed at 25 shopping centres. Most are in Ontario […]
Canadian Tech Companies to Watch from CES 2022
By Stephen ClarkWhistleOut The Consumer Electronics Show (CES) in Las Vegas is the first and one of the best events of the year to show off innovative new tech. Gadgets from every facet of life are on display, from portable assistive devices like eSight Eyewear to innovations in water conservation from OtO and RainStick. WhistleOut Canada […]
Trillion-dollar tech companies set to report quarterly results amid worst January slump since 2008
PUBLISHED TUE, JAN 25 2022 3:25 PM EST Alex Sherman KEY POINTS Microsoft reported better-than-expected quarterly revenue and earnings on Tuesday and delivered an optimistic outlook. Tesla and Apple report quarterly results this week. This earnings season for tech companies will be the most important in a decade, wrote Wedbush analyst Dan Ives in a […]
DELOITTE CANADA LAUNCHES $150 MILLION CAD VENTURE CAPITAL FUND
BY CHARLES MANDEL CANADIAN STARTUP NEWS JANUARY 25, 2022 Deloitte Venture will make minority investments in emerging tech companies. After tracking rising technology startups for a number of years with its annual Technology Fast 50 list, Deloitte Canada is getting into the venture capital business itself. Deloitte Canada announced that it has launched Deloitte Ventures, a $150 million CAD investment […]
Canada planning technological fixes to make crossing the border faster
Zipping through the Canada-U.S. border in 15 seconds. Facial recognition cameras at the airport to open an electronic gate. Sending your declaration to customs before you even get off the plane. Those are just some of the changes in the works at the Canada Border Services Agency (CBSA) — partly as a result of the […]
2048 VENTURES BAGS $67 MILLION USD FUND II FOR CANADA, US INVESTMENTS
BY MEAGAN SIMPSON CANADIAN STARTUP NEWS JANUARY 18, 2022 The VC invests in emerging markets outside of Silicon Valley, including Canada. United States-based venture firm 2048 Ventures has secured $67 million USD for its second fund, to continue pursuing investments outside of Silicon Valley. The pre-seed-stage firm was created by US investors Alex Iskold and Paul Sethi (who […]
EMMERTECH CLOSES $60 MILLION TO GROW “DOMINANT” CANADIAN AGTECH COMPANIES
BY MEAGAN SIMPSON CANADIAN STARTUP NEWS JANUARY 18, 2022 The final close adds $15 million and new LPs to the fund. Emmertech, the AgTech fund Conexus Venture Capital launched last year, has secured an additional $15 million CAD in its final closing, bringing its total fund size to $60 million. The final number surpasses Emmertech’s goal of $55 […]
Onboard vehicle tech becoming a safety issue, advocates say
Ian Bickis, The Canadian PressPublished Sunday, January 16, 2022 6:48PM EST TORONTO – A driver sitting behind the wheel of a new vehicle could be scrolling through their Spotify app looking for the right album when they get an incoming call or text, only to have a warning bell go off about the outside temperature […]