British pharmaceutical giant AstraZeneca is investing $820-million CAD in Canada to support its move into a larger office in the Greater Toronto Area. AstraZeneca said the investment will create more than high-value 700 jobs across all areas of its business, and contribute to its goal of bringing 20 new medicines to patients around the world…
Canada’s Minister of Innovation, Science and Industry François-Philippe Champagne said he will review the country’s business relationship with Amazon following the company’s decision to pull out of Québec. Earlier this week, the retail giant announced it would close seven operation sites and cut roughly 1,900 jobs in Québec, including 250 recently-unionized warehouse jobs, over the…
QUIZ START Feature image courtesy Reforge. The post Boardy’s blunder, Xanadu’s quantum breakthrough, and Paper turns the page first appeared on BetaKit. Quiz BetaKit Test your knowledge of Canadian tech news with The BetaKit Quiz for Jan. 24, 2025. The post Boardy’s blunder, Xanadu’s quantum breakthrough, and Paper turns the page first appeared on BetaKit.
Candidates vying for the Liberal leadership race are reversing course on the party’s controversial capital gains tax rate changes announced in last year’s budget. Former Finance Minster Chrystia Freeland’s team confirmed this week that she would not go forward with the policy she once championed, while notable candidates such as former Bank of Canada governor…
At HEC Montréal, just across the street from Shopify’s office, more than 300 members of the local tech ecosystem gathered to glean insights from different stages of the entrepreneurial journey. “You’re all in, but you’re planning on a marathon, not a sprint. And so that means you’ve got to take care of yourself and the…
I forced SRTX’s Katherine Homuth to talk tariffs with me this week. The CEO and founder explained on The BetaKit Podcast how the desire to solve one problem (great tights) led her to attempt tackling every problem related to modern textile manufacturing in North America. It’s a compelling story, and one that stands in stark…
Katherine Homuth originally thought Sheertex was going to be easy. In search of the perfect pair of tights (or at least a pair that wouldn’t run), she assumed she’d be able to globally source superior materials, design a cool brand, launch a Kickstarter, drop-ship and go. Homuth found the superior material, an ultra-high molecular weight…
Montréal-based Optable has raised $20-million USD ($28.8-million CAD) in funding to fuel its growth in the United States. The round was led by Telus Global Ventures with participation from many returning investors, including Hearst Ventures, Brightspark Ventures, Desjardins Capital, Deloitte Ventures, and AsterX, the corporate venture arm of Quebecor. “Their impressive growth and partnerships with…
The shock to financial markets came from China, where DeepSeek said it had developed a large language model that can compete with U.S. giants but at a fraction of the cost. Money, Tech, Deepseek, Nvidia, stock market, Wall Street : Tech The shock to financial markets came from China, where DeepSeek said it had developed a large…
Canadian-founded, New York, NY-based artificial intelligence (AI) startup Clay has officially secured unicorn status after raising a $40-million USD ($57.5-million CAD) funding round at a $1.25-billion USD valuation. The company, which makes software that automates customer research, is more than doubling its valuation less than a year after raising its $46-million USD ($63 million CAD)…