Canada took another step toward its long-awaited open banking system today with the release of proposed regulations. The news: The Department of Finance published draft open banking regulations on Friday that would govern how the long-awaited financial data-sharing system would work in Canada. The proposed rules, which outline how FinTechs can participate and what data…
The federal government is investing more than $3.2 million across three Manitoba organizations aimed at supporting Black entrepreneurship. The news: On Wednesday, Minister of Women and Gender Equity Rechie Valdez announced more than $3.2 million in federal support for three Manitoba organizations supporting Black entrepreneurship. Delivered through Prairies Economic Development Canada’s (PrairiesCan) Black Entrepreneurship Program,…
Sanctuary AI has a new CEO and a “new strategy” as it looks to scale its AI-powered humanoid robot technology. The news: Vancouver-based robotics startup Sanctuary AI has named board chair Daniel Friedmann as its new leader, as interim CEO James Wells announced his departure from the company this week. Friedmann spent more than 20…
The Linux Association of Canada is launching two initiatives this month that it believes will strengthen the open-source technology ecosystem in Canada. The news: The newly created group has launched two new initiatives aimed at building out Canada’s open-source ecosystem. The first, a data-verification program for the association’s open-source library and community group listings was…
It may be less “sexy” than raising venture dollars for a brand-new AI startup, but a new report argues that encouraging Canadians to take over existing, profitable companies deserves just as much attention. “Talented, capable entrepreneurs from underrepresented communities are starting businesses from zero.” A qualitative study by national non-profit Pitch Better and CQ Business…
BY THE OPTIMIST DAILY EDITORIAL TEAM Two lawyers filed a court case. Thousands signed a petition. Pakistan just agreed to scrap its sales tax on period products. Finance Minister Muhammad Aurangzeb announced the move this month, calling sanitary products “daily necessities that are indispensable for women’s health, dignity and full participation in social activities.” The…
BY THE OPTIMIST DAILY EDITORIAL TEAM You’ve probably spent more time than you’d like to admit wondering if something is off with your gut. Not dramatically wrong, just persistently uncomfortable. Bloated after meals for no clear reason. Sluggish in the morning. The kind of thing you chalk up to stress, or age, or just how…
Cybersecurity agencies in the Five Eyes intelligence alliance are urging organizations to boost cyber defences, as rapidly advancing AI models prove adept at finding vulnerabilities. The news: Earlier this week, the Five Eyes, whose members include Canada, New Zealand, Australia, the United Kingdom, and the United States, put out a call to action urging leaders…
Toronto-based FinTech firm Float Financial announced an $85-million CAD Series C round on Wednesday that will help fuel the company’s geographic expansion and AI investment plans. The news: The business finance platform has closed $75 million of the all-equity, all-primary capital round to date, and expects to secure the remaining $10 million over the next…
A good deal of disease diagnosis still begins with a doctor’s appointment, a blood requisition, a lab visit, and days spent waiting for results. WearDOXX Founder and President Razieh Salahandish believes every added step is another opportunity for patients to delay care. “Human nature seeks ease,” Salahandish said. “The balance of ease and efficiency is…
