Xanadu wants to be the first tech company in the world to deliver fault-tolerant quantum computing at scale. To reach that lofty goal, it must also do something few Canadian tech companies have successfully managed: navigate the public markets. The company publicly listed on the TSX and Nasdaq via a SPAC this week, making it…
BY THE OPTIMIST DAILY EDITORIAL TEAM Every fall, tens of millions of monarch butterflies travel nearly 3,000 miles from Canada, through the United States, and into the forests of western Mexico. They arrive like a living orange blanket, covering entire trees. This winter, there were noticeably more of them. New figures released by WWF Mexico…
BY THE OPTIMIST DAILY EDITORIAL TEAM The story starts with a newspaper article and a neighborhood that wasn’t getting help. A few years ago, Mia Heller came across a report about water quality in her community in Warrington, Virginia. Tests had found the local water was heavily contaminated with PFAS and microplastics. Government funds to…
Episode Description: Arielle and Karissa are back this week, and the stories span everything from marble sculptures in Naples to coyote dens in American cities. A museum in Naples opened its barriers so blind visitors could touch the Veiled Christ, led by blind guides who know that experience firsthand. Urban coyotes are raising pups closer…
Sherbrooke, Que.-based deeptech startup SBQuantum is preparing to launch its quantum sensor into space on Monday, kicking off its quest to monitor Earth’s magnetic field and prepare for a post-GPS world. The company will stow its quantum diamond magnetometer on a SpaceX Falcon 9 rideshare, which will take off sometime around 6:20 a.m. EST on,…
The Government of Canada announced on Friday that it is investing nearly $29 million toward advancing cleantech in Canada, including in Red Deer, Alta., and Saskatchewan. The investment is intended to scale up Canada’s clean energy infrastructure and position the country as a safe investment for low-carbon energy development. Announced from Markham, Ont. by Tim…
Toronto quantum computing firm Xanadu Quantum Technologies has officially gone public. Xanadu began trading on the Toronto Stock Exchange (TSX) and Nasdaq on Friday under the ticker XNDU, making it the first Canadian technology company to debut on the TSX since 2021. Xanadu achieved this by merging with Philadelphia-based special purpose acquisition company (SPAC) Crane…
After a months-long journey through the House of Commons and the Senate, Bill C-15 received royal assent on Thursday evening, officially implementing the 2025 federal budget into law. With that royal assent comes one trillion dollars in new investments over the next five years; a $78.3-billion deficit for 2025-26; and major commitments to the Canadian…
Canadian technology investors are concerned about a potential AI-driven “SaaSpocalypse.” Those fears are putting pressure on Canada’s venture capital (VC) market at a time when many funds are also under the gun to demonstrate that they can return cash. Most agreed that big changes are coming to SaaS now that competitors and clients can more…
BY THE OPTIMIST DAILY EDITORIAL TEAM Governments have spent decades and billions trying to reverse falling birth rates. Cash bonuses for new parents in South Korea. Generous parental leave in Scandinavia. Subsidized childcare across the EU. And yet fertility rates in most high-income countries keep sliding. A major new study suggests one of the most…
