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Calgary Startup Opens Doors to Wildfire Evacuees in Need of Office Space
In response to the wildfires devastating Jasper and surrounding areas, Showpass is offering refuge in their Calgary office for those in need of workspace. Located near Heritage Station, the 30,000-square-foot office provides a fully equipped workspace, along with complimentary breakfast and lunch prepared by their in-house chef. “We hope to offer stability and support by opening our doors,” said Lucas McCarthy, CEO of Showpass. The aim is to provide a comfortable environment for evacuees to maintain a routine. Those affected can contact Showpass at press@showpass.com to utilize this facility. Want to know more? Check out the source code on Calgary.tech.
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Eight Canadian Orgs Move on to Next Stage of Aqualunar Challenge with Funding
Eight Canadian organizations will begin developing solutions to purify moon water as part of the next stage of Canada’s Aqualunar Challenge. Each semi-finalist will receive a grant to develop the key components of their prototypes. In turn, their technology, first intended for space missions, could also help advance water purification on Earth. Selected organizations include Canadian Space Mining Corporation, Sixpenny Architectural Fabrication, 778 Labs, WaterPuris, Cimbus, the University of Calgary, Lotic Technologies, and McGill University. The Canadian Space Agency delivers the competition in collaboration with the Privy Council Office’s Impact Canada. Want to know more? Check out the source code here.
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Airwallex and Float Join Forces to Streamline Bill Payments for Businesses
Airwallex, a global payments platform, has partnered with Float, a Canadian B2B fintech, to streamline bill payments for domestic and international transactions. Float’s Bill Pay product, powered by Airwallex, offers payouts through various methods while automating invoice processes and reducing foreign exchange fees. Nearly 100,000 Canadian businesses will benefit from this integration, the companies say, improving visibility and control over expenses. “Canadian consumers, SMBs, enterprises, and the economy at large stand to benefit from more integrated financial services,” stated Ravi Adusumilli, Executive General Manager of the Americas at Airwallex. Want to know more? Check out the source code on Fintech.ca.
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Recyclorobo Looks to Revolutionize Sustainable Recycling with AI
Recyclorobo.ai, based in New Westminster, has introduced an AI-driven vision technology to revolutionize beverage container recycling. The Canadian company claims its innovate system reduces customer serving time by 97%, CO2 emissions by 91%, facility footprint by 56%, and storage space by 86%. By utilizing advanced image recognition, the startup accurately identifies and sorts recyclable containers, optimizing overall efficiency. Recyclorobo.ai’s solution includes a densification system that reduces container volume by 90%, enhancing storage and transport efficiency. The technology also features an gamified interface and a reward platform to encourage participation. Want to know more? Check out the source code on Techcouver.
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Six-Month-Old Canadian Startup Acquired by Miami’s Crossmint
Cycle AI, a Toronto-based startup specializing in AI user research, has been acquired by Crossmint, a Miami-based blockchain platform, just six months after launching. The speed run exit will see Cycle’s technology, including AI interview bots and survey tools, integrated into Crossmint’s services. Conor Plunkett, Cycle’s co-founder and CEO, will join Crossmint as a product manager. Moving forward, Crossmint aims to meet the growing demand for AI solutions in the blockchain sector, enhancing services for the company’s client base, which includes notable firms such as Mastercard, Red Bull, and Coinbase. Want to know more? Check out the source code here.
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Canadian Tech is Grappling with a ‘Crazy Talent War’ for AI Skills
The demand for AI talent is surging, but as companies like Newfoundland’s Spellbook seek to expand their workforce, CEO Scott Stevenson notes significant time spent on recruiting amid fierce industry competition. Data shows that U.S. tech giants are offering massive pay packages to attract top AI talent, while Canadian companies are increasing AI job postings. Elon Musk this year called the situation “the craziest talent war I’ve ever seen.” Despite the talent rush, firms can focus on building teams with complementary skills rather than competing for rare specialists. Still, as AI only becomes more prevalent, finding the right talent remains a priority for Canadian businesses. Want to know more? Check out the source code here.
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WestJet and TELUS Announce Partnership to Provide Free Inflight Internet
WestJet and TELUS have launched a multi-year partnership to provide fast and free internet onboard WestJet aircraft, powered by Starlink. This collaboration sets a new standard in Canadian airline inflight connectivity. John Weatherill, WestJet’s Executive VP and Chief Commercial Officer, announced that the service will be available to WestJet Rewards members at no cost. Zainul Mawji, TELUS Executive VP, highlighted the enhanced flying experience this partnership will bring. WestJet will be the first commercial Boeing 737 airline in North America to offer Starlink’s high-speed, low-latency internet. The installation will begin in late 2024, with completion targeted by 2026. Want to know more? Check out the source code here.
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MarineLabs Launches Hyper-Localized Coastal Weather Forecasts
Victoria-based MarineLabs has introduced Forecast AI, a machine learning model delivering precise, hyper-local coastal weather forecasts. This innovation enhances their CoastAware product, providing real-time weather intelligence for maritime operations. With $4.5 million in seed funding, MarineLabs aims to improve safety, efficiency, and climate resilience. CEO Dr. Scott Beatty highlighted the model’s ability to address gaps in traditional forecasts using data from their sensor nodes. In a recent study, Forecast AI outperformed existing models by 23% in critical wave height predictions. Currently, 31 buoy locations in Canada and 12 additional sites will have Forecast AI by fall. Want to know more? Check out the source code on Techcouver.
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In Tug of War Between Inflation and Recession, Bank of Canada Cuts Rate
In a move that will surely impact Canada’s economy, the Bank of Canada has reduced its benchmark interest rate by 0.25% to 4.5% as Governor Tiff Macklem focuses on avoiding a national recession. The economic growth forecast for 2024 was lowered to 1.2%, with 2025’s outlook at 2.1%. The BoC anticipates inflation reaching its 2% target toward the end of 2025. Macklem mentioned that further rate cuts are possible. “If inflation continues to ease broadly in line with our forecast, it is reasonable to expect further cuts in our policy interest rate,” he stated. “The timing will depend on how we see these opposing forces playing out.” Want to know more? Check out the source code here.
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Seed Capital for Gumloop to Power Drag-and-Drop AI Workflow Platform
Vancouver-based Gumloop has closed a $3 million seed round led by First Round Capital, with participation from Y Combinator and other investors. Gumloop’s platform allows users to create AI-powered workflows through a drag-and-drop interface, eliminating the need for coding. “Users can create powerful AI powered workflows that integrate directly with their data, no coding experience needed,” stated cofounder Max Brodeur-Urbas. The entrepreneur says early customers range from “independent indie hackers to unicorn startups.” Want to know more? Check out the source code on Techcouver.
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