UniUni is preparing to go public in a SPAC deal just as Point2Point accuses it of sabotaging deliveries, misbilling, and using trade secrets to solicit clients. UniUni says the claims are "entirely without merit."

[email protected]'s Laurent Carbonneau thinks Canada should stop treating procurement as a race to the cheapest contract and start treating it as a way to build markets, scale firms, and reward real domestic value creation. Here's how he thinks Canada could be doing procurement better:

Jay V says the AI industry may be over-rotating toward enterprise agents. His bet is that the next wave could come from figuring out what average users actually want. Here's how that's working: a year ago, OpenCode debuted in a room of maybe 30 people. Now it has 8 million monthly active users.

Can the federal government deliver on the outcomes it promised in its AI strategy? In The BetaKit Newsletter, managing editor @sarahcrgr.bsky.social digs into its promises. Read her take, PLUS latest news from around #CDNTech 👀

Somewhere in the GTA sits one of Canada’s most powerful supercomputers, helping researchers simulate oceans, model stars, and run massive AI workloads.

Clio's New York headquarters will be its first expansion into the US. It says it expects the office to reach full capacity in early 2027.

Direct-air capture has critics because of its cost and energy demands. But @deepskyclimate.bsky.social is still lining up customers, with TD and its 10-year deal being the latest.

Mia Morisset is one of Inovia's “OG team” members. She says every new investment target going forward must either be AI-native or AI-enabled. That echoes Inovia’s recent report that AI-native startups captured 40% of software deal value in Canada in 2025.

Canada’s new AI strategy makes it clear that the federal government hopes to play a more active role in supporting the country’s AI businesses going forward.

Critics say the government's newly released AI strategy includes little on the legislation needed to carry out its promises around one of its key pillars: safety and governance. betakit.com/canadas-ai-s...

A new, grassroots organization out of Saskatoon has launched an open-source library it hopes will support digital sovereignty in Canada. @linuxassociation.bsky.social hopes to bolster Canadian access to digitally sovereign, open-source software.

The strategy is promising some big investments in commercialization, which many in #CDNTech appear optimistic about. However, it's noticeably light on details surrounding privacy and safety. Read more:

Scispot says it wants to help life sciences labs move toward a “self-driving” model, where routine coordination and data work get automated but scientists stay in control Its all-equity, all-primary capital Series A round was led by Avenue Growth Partnerswith participation from Breakwater Ventures

Cohere is trying to quash rumours that it's working with the controversial American firm Palantir The company says it was part of a “short-term pilot arranged at the request of a prospective customer” which “did not move forward, generated no revenue, and concluded shortly after it began in 2024"

Calgary-based cleantech software company SensorUP has closed a growth financing round led by Pender Ventures.

Shopify announced last night it's increasing the $2 billion repurchase program it launched in February by another $3 billion. The company says it's used up almost three-quarters of the initial allotment.

Is clean energy really as green as its proponents promise? [email protected] doesn't use the term “clean energy.” His argument is that renewables are better than fossil fuels, but pretending they are consequence-free is just ignoring a different set of potential harms.

Will AI free up more time for creative pursuits, or introduce additional drudgery? betakit.com/could-ai-giv...

ATB Financial VP Brian Ford thinks stablecoins will “leapfrog” real-time rail payments. Ford discussed “the battle of the rails” in a panel conversation with Cybrid CEO Avinash Chidambaram and Paytrie chief strategy officer Jason Tong at the 2026 Canadian Finance Summit last Thursday.

Canada now has access to Anthropic's powerful Mythos AI model through Project Glasswing, AI minister Evan Solomon confirmed.

Toronto and NYC-based Mecka AI announces $60 million USD to power physical #AI. #CDNtech

A new #healthtech innovation hub has opened at Montréal's MUHC research institute to help startups get their medical tech into the clinic.

Trading platform Robinhood has closed its acquisition of WonderFi, marking its official entrance into the Canadian market. This also marks the exit of WonderFi leader Dean Skurka.

Version One has closed two new funds, but the Vancouver-based deep tech investor is increasingly looking outside of Canada.

According to the CBC, the draft strategy sets out to create up to 90,000 AI-related jobs and work opportunities for young Canadians. It would also support the creation of up to 250,000 new jobs through AI adoption by 2031. betakit.com/leaked-draft...

BDC credits Isabelle Hudon’s tenure with growing client count by nearly 50% and delivering $1.4B in dividends to the federal government Meanwhile, her leadership has also drawn criticism from parts of the private sector over BDC’s outsized role in direct investment and its impact on private capital

44% of execs at large Canadian B2B software companies said their firms had adopted agentic AI. In the US, UK, and Israel, that number is 67%. And that gap is accellerating. A year ago, Georgian says, the there was only a 13-percentage-point difference.

Although the government has said it will amend Bill C-22, it appears committed to forcing electronic service providers to collect and store user metadata. Sak says if that happens, @windscribevpn.bsky.social would still be forced to move its headquarters from Canada to maintain user privacy.

📰 In our latest BetaKit Newsletter, you’ll find not only the major national tech news from last week, but oodles of on-the-ground coverage from the BetaKit team of Canada’s largest grassroots tech event, #TorontoTechWeek.

[email protected] president Vivek Goel says the most important structural change universities must make is improving students' AI literacy. #TTW

Historically, Canada has been great at innovation, but much less great at commercialization. Erin O'Toole shares what he thinks the fix might be. Read more in #MostAmbitious:

As AI evolves, people are trusting it with important tasks. But at Toronto Tech Week, Questrade's Salim Naran said many are still hesitant to let the technology into their personal finances. #TTW

Aurmada has developed a line of “base layer” tops with kevlar material that serve as a lighter alternative to heavy-duty ballistic vests. But it plans to integrate far more capabilities into its wearables The idea, founder Zavosh Zaboliyan says, is to create "an infrastructure layer for clothing."

At Toronto Tech Week, Arteria AI's Shelby Austin took issue with the feds' philosophy of picking champions. "We need to widen our aperture and back anyone that’s showing promise here. Let’s let the market decide who’s going to be successful.”

Before it sold to Nvidia, Gennady Pekhimenko said his Toronto #AI startup CentML struggled to find domestic firms willing to adopt its tech. #TTW #CDNtech

Ottawa is signalling it may tweak Bill C-22. But will the changes be enough to calm the boisterous opposition if the government still won't budge on mandatory metadata retention?

When Canada’s long-delayed AI strategy is released next week, it will help the government make different choices around procurement, support, and providing capital to build up the industry. #TTW

Som Seif, who's in the middle of a fight with the Ontario Securities Commission, argued at Toronto Tech Week that the financial services industry is dominated by incumbents who don’t like change and use industry regulations against potential challengers. #TTW

Access is coming, but not everyone who wants shares will get them. With big IPOs like SpaceX and Anthropic looming, Wealthsimple is already trying to temper expectations around what could be very high demand.

At BetaKit's #MostAmbitious: Town Hall, Raquel Urtasun said she believes the time is now for Canada to go “all in” on physical AI, and that doing so could make us a global player in the coming decades. #TTW

The Canadians that founded YC-backed edtech startup Oohlala Mobile have a new venture they say will automate grunt work at banks and credit unions. Danial Jameel says his vision is "a future where humans and AI work side by side in financial services

From an “investor burn book” to an unexpected Serena Williams FaceTime, at Toronto Tech Week, Rebel CEO Emly Hosie, Float CEO Rob Khazzam, and Neo Financial CEO Andrew Chau shared what raising really looked like behind the pitch deck.

Feeling FOMO that you aren't in the Toronto Tech Week crowds? Catch up on all of BetaKit's coverage: betakit.com/tag/toronto-... #TTW

Jim Balsillie’s core argument is not that Canada lacks ambition. It's that Canada is still using an economic playbook built for another century.

While 'shovels in the ground' is an important metric to guage government effectivness, so is keeping cutting-edge Canadian companies/startups here in Canada. Some clear wins outlined at the @betakit.com town hall this week:

Canada cannot buy for modern warfare on peacetime bureaucratic timelines. At BetaKit’s #MostAmbitious: Town Hall, Dominion Dynamics founder Eliot Pence argued defence procurement now needs to move in weeks, days, and hours instead of over decades.

A growing number of Canadian defence founders are tired of hearing “dual-use.” At Arctic Edge, some argued the label has become so overused that it is now obscuring more than it explains. Others say it is still the only way many investors know how to get comfortable with the sector.

At toronto Tech Week's Homecoming, Shopify CEO Tobi Lütke said building a $1-billion company with one person is now possible, but that he has no idea why anyone would do it.

The gap between executive optimism on AI and Gen Z anxiety about AI may be getting harder to ignore. At U of T, leaders from Databricks and Ada tried to explain what is fuelling it, and what students might do with it

Canada's AI minister Evan Solomon says he's not worried that by choosing champions to fund, he risks creating monopolies or stifling competition.