MDA Space will buy Blue Canyon Technologies, the small satellite manufacturing and mission services arm of US defence contractor RTX Raytheon, for $620 million USD ($874 million CAD). The news: Brampton, Ont.-based MDA announced on Friday morning that it will acquire the satellite maker in an all-cash transaction financed by secured debt. The deal is…
Coding for Veterans (C4V) is hosting a two-day cybersecurity bootcamp this week in Toronto for current and former members of the Canadian Armed Forces (CAF). The news: Twenty students are joining forces in a computer lab at George Brown College to prepare for and test their cybersecurity skills in a simulated data breach. They hope…
BY THE OPTIMIST DAILY EDITORIAL TEAM There’s a particular kind of law that changes nothing overnight. The classrooms look the same the morning after it passes. The teachers haven’t changed. The children getting on buses are the same children who got on buses yesterday. But something has shifted underneath: what was once a promise has…
BY THE OPTIMIST DAILY EDITORIAL TEAM Unlike Mother’s Day, which was swiftly embraced and made official in 1914, Father’s Day spent decades in limbo. Though it finally became a national holiday in 1972, the idea faced resistance for years—ironically, in a society dominated by men. Why was Father’s Day controversial? Many men in the early…
Angel investor and Canadian Startup Capital Association (CSCA) founder Jesse Wiebe has been charged by the Saskatoon police with allegedly committing an indecent act while unlawfully entering a home. Wiebe, who previously worked for investment network Startup TNT and who has long been an active investor in the Canadian tech ecosystem, was charged on May…
The inaugural CEO of Canada’s primary quantum computing industry group is stepping down at the end of the month. The news: Quantum Industry Canada, which represents dozens of quantum companies across the country, announced today that CEO Lisa Lambert is leaving at the end of June to pursue a “new career opportunity.” Chief of staff…
Maybe the SpaceX IPO was the highlight of your financial year so far. Or maybe you wanted to keep your portfolio grounded and far, far away from that rocket ship. The largest go-public deal in history was just the first blockbuster IPO of the year; markets are anticipating offerings from Anthropic and OpenAI, with both…
Factor Meals, a subsidiary of HelloFresh, is expanding into Western Canada, where it will plate up meal kits at a newly established Calgary commercial kitchen. The news: Factor announced on Thursday the official opening of its commercial kitchen and distribution centre in Calgary. The 50,000 sq. ft. facility will let the meal kit company bring…
Bill C-22, the proposed Canadian legislation that would give law enforcement more power to surveil personal communications and data, passed through rushed committee proceedings after midnight on Thursday morning. “The government should not have used this draconian measure.” The Canadian Civil Liberties Association The Liberal government moved to limit debate on the Lawful Access Act…
Canada has plenty of small and medium-sized businesses (SMBs) that want to meet its defence needs, but a new report from the Business Development Bank of Canada (BDC) and The Icebreaker says many are struggling to break into the sector. After years of underinvestment compared to its allies, the Government of Canada plans to pour…
