Feds set hard cap on Start-up Visa program applications, pause self-employed persons program
The Minister of Immigration, Refugees, and Citizenship Canada (IRCC), Marc Miller, implemented changes to the Start-up Visa (SUV) program and Self-Employed Persons program on April 30, which will result in a drastic decrease in the number of foreign entrepreneurs applying to enter Canada. IIRC announced it will now accept applications for no more than 10 […]
Five things you’ll want to do at the world’s most interesting crypto conference
Only one conference can claim a speaker lineup featuring the CEO of Pudgy Penguins and the Under Secretary of Terrorism and Financial Intelligence of the U.S. Department of the Treasury. Described as The Super Bowl of blockchain meets the Cannes Film Festival of Web3, Consensus 2024 is a three-day event in Austin, Texas from May […]
Cyber Security Today, May 1, 2024 – Data may have been stolen in London Drugs cyber attack, Congressional testimony today by UnitedHealth CEO on ransomware attack, and more
Data may have been stolen in London Drugs cyber attack, Congressional testimony today by UnitedHealth CEO on ransomware attack, and more. Welcome to Cyber Security Today. It’s Wednesday, May 1st, 2024. I’m Howard Solomon, contributing reporter on cybersecurity for TechNewsday.com. London Drugs, a Western-Canadian drug store chain, is still trying to recover from what it […]
WonderFi’s Bitbuy purchases clients of Bitstamp as fellow crypto exchange exits Canada
Bitbuy, a regulated subsidiary of Toronto’s WonderFi, has acquired the Canadian customers of Bitstamp as the latter cryptocurrency trading platform pulls out of Canada. Citing “timing and resource allocation challenges” meeting new regulations, Bitstamp has ceased operating in Canada. Through a business transfer agreement announced late last week, Bitbuy has purchased more than 110,000 retail and […]
Hydrogen power projects receive $57 million in funding from Alberta government
Alberta Innovates and Emissions Reduction Alberta (ERA) are investing a combined $57 million into 28 hydrogen power projects. Alberta Innovates is investing $22.5 million for 20 early-stage projects through its Hydrogen Centre of Excellence in partnership with Natural Resources Canada. ERA is using funding from Alberta’s Technology Innovation and Emissions Reduction program to commit $34.5 […]
A|I: The AI Times – Meet Sanctuary AI’s most human-like robot yet
The AI Times is a weekly newsletter covering the biggest AI, machine learning, big data, and automation news from around the globe. If you want to read A|I before anyone else, make sure to subscribe using this form. Sanctuary AI reveals seventh-generation robot it calls “analogous to a person” Vancouver-based robotics startup Sanctuary AI has revealed the […]
Capital gains tax changes not included in feds’ Budget 2024 motion bill
Canada’s proposed capital gains tax changes were notably absent from the motion the Liberal government tabled earlier today to introduce Budget 2024 in the House of Commons. These changes, which include a hike in the inclusion rate on capital gains from one-half to two-thirds, an increase to the Lifetime Capital Gains Exemption, and a new […]
Biointelligence raises $5 million for biomanufacturing efficiency platform
Sherbrooke, Qué.-based Biointelligence Technologies has raised $5 million CAD in seed funding for its platform aimed at making industrial fermentation bioprocesses less wasteful. Lead investor Amplify said it sees value in reducing production losses by 10 to 40 percent, as well as avoiding a projected 2.4 million tonnes of CO2 emissions. The all-equity round was […]
FinTech startup Fluence Technologies agrees to be acquired by Anaplan
Toronto-based FinTech software startup Fluence Technologies is set to be acquired by Miami-based Anaplan for an undisclosed amount. The companies have signed a definitive agreement for the deal, which is expected to close in early May. After closing, Anaplan will integrate Fluence Technologies’ software into its platform, a process that will be co-led by Adam […]
Galatea secures $2.7 million to help oil and gas companies tackle waste disposal
As regulatory pressure mounts south of the border, Calgary-based Galatea Technologies believes the timing is right to export its waste management logistics software to the United States (US). Galatea has built a solution to help commodity producers track and dispose of wastewater and other hazardous byproducts more safely and efficiently and established a foothold at […]