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Canadian Tech in 100 Words

 

BMO Partners with Nova Credit to Help Newcomers Establish Credit in Canada

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BMO has announced a new partnership with Nova Credit, the leading cross-border credit bureau, to assist newcomers in accessing credit products in Canada. By integrating Nova Credit’s Credit Passport into its application process, BMO allows immigrants from nine countries, including Australia, India, and the United Kingdom, to transfer their international credit histories to Canada.

This initiative aims to simplify the financial transition for newcomers, providing them with access to essential financial tools and resources. BMO’s partnership reflects its commitment to supporting customers throughout their journey to establish a stable financial foundation in their new home.

Want to know more? Check out the source code on Fintech.ca.

Dolphin Realty Invests in PropTech Startup Homebaba to Advance Digital Offerings

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Toronto-based Dolphin Realty Inc. has strategically acquired a 49% stake in Homebaba Technologies, a leading Canadian platform for new homes and condos. Financial details remain undisclosed. This acquisition is a crucial step in Dolphin Realty’s strategy to enhance its digital presence and revolutionize the real estate industry.

By integrating Homebaba’s specialized digital assets, Dolphin Realty aims to connect key market players—homebuyers, sellers, tenants, landlords, builders, and realtors—through innovative PropTech solutions. The company plans further investments in AI and big data to create a more efficient, data-driven real estate market.

Want to know more? Check out the source code on Fintech.ca.

Canada Accused of Playing Politics, Ignoring the Dark Side of Tech Use in China

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Three human rights groups are urging the Canadian government to impose sanctions on four Chinese surveillance companies accused of leveraging technology to aid human rights abuses against the Uyghur minority in China. The groups, including Toronto-based Human Rights Action Group and the Uyghur Rights Advocacy Project, submitted a 345-page report to Global Affairs Canada in May, detailing how tech from Hikvision, Dahua, Tiandy, and Uniview facilitates torture, forced labour, and other abuses.

Despite compelling evidence, Canadian officials have not yet responded to the call for sanctions, The Logic reports, with the Privy Council Office indicating that the decision is political.

Want to know more? Check out the source code here.

Canadian Fintechs APOLLO Insurance and Paysquad Solutions ‘Deepen Relationship’

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Launched in 2019, Vancouver-born digital insurance innovator APOLLO Insurance this week expanded its partnership with property management software organization Payquad Solutions to embed tenant insurance directly into Payquad’s workflows, providing renters easy access. For property managers, the insurance purchase experience is embedded directly into leasing and renewal workflows.

“Payquad is thrilled to deepen our partnership with APOLLO,” said CEO David Janowski of Ontario’s Paysquad. “APOLLO’s digital first and resident-centric approach has been well-received by our customers. By fully integrating tenant insurance directly into our portals and leasing workflow, we are making it even more convenient for renters to obtain the coverage they need.”

Want to know more? Check out the source code on Fintech.ca.

Toronto’s Carbon6 Acquires Junglytics to Bolster AI Solutions for Amazon Sellers

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Toronto’s Carbon6, a software platform for Amazon businesses, announced the acquisition of Junglytics, an AI-powered business intelligence product designed to enhance data-driven decision-making for sellers. The acquisition strengthens Carbon6’s capabilities by integrating Junglytics’ AI technology with Carbon6’s data platform, offering sellers a tool for optimizing operations and maximizing profitability.

“This acquisition is a perfect alignment of our vision to revolutionize the way sellers interact with their data through AI-driven conversations,” stated Naseem Saloojee, cofounder of Carbon6. “Junglytics brings a transformative approach to AI that allows sellers to not only access data but also to act on it without delay.”

Want to know more? Check out the source code on BetaKit.

Declining Interest in EVs Amidst Industry Slowdown, Survey Finds

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Interest in electric vehicles (EVs) among Canadians is waning, according to a recent survey by The Logic, with 74% of respondents considering an EV purchase—down from 78% two years ago. Concerns over battery range, affordability, and Canada’s cold climate were cited as major deterrents.

The findings coincide with a broader industry slowdown, as automakers like Ford and Tesla adjust their EV production plans due to lower-than-expected demand. While current EV owners expressed satisfaction with their vehicles, issues such as inadequate charging infrastructure and high prices remain significant barriers for potential buyers.

Want to know more? Check out the source code on The Logic.

Apple Begins Beta Testing ‘Intelligence’ Suite in Canada

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Apple Intelligence became available through beta for the first time last month and now the tech titan’s emerging suite of AI offerings is beginning to appear in Canada. The toolkit of AI-powered features is slated to enhance everything from writing and design to smarter notifications—including Siri.

“Apple Intelligence is … integrated into the core of your iPhone, iPad, and Mac through on-device processing—so it’s aware of your personal information without collecting your personal information,” stated the Silicon Valley giant. “And with groundbreaking Private Cloud Compute, Apple Intelligence can draw on larger server-based models, running on Apple silicon, to handle more complex requests for you while protecting your privacy.

Want to know more? Check out the source code here.

Cellphone Bans Across Canada to Impact Classrooms as Students Return to School

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Smartphones have been troubling educators since the BlackBerry, but as the problem worsens, tough solutions are on the menu. New rules in many Canadian provinces will see fewer cellphones during school time this year as Alberta, British Columbia, Saskatchewan, Nova Scotia, Quebec, Ontario, and Manitoba all seek to curb distractions in the classroom.

Given that approximately 90% of teenagers use mobile technology devices, and teens are notoriously rebellious besides, such rules may be challenging to enforce, which has some teachers concerned. But similar rules executed in Europe have thus far yielded positive results, early data suggests.

Want to know more? Check out the source code here.

Cybertruck Launches in Canada at Awkward Time as EV Industry Slows

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The timing of Elon Musk’s latest product launch may be suboptimal—the limited-edition Foundation Series Cybertruck is now officially available without reservation in Canada, but the steel beast arrives at a moment when the nation’s electric vehicle industry is grappling with some serious issues.

In Canada, the inaugural Cybertruck starts at a whopping $138,000, with a triple-motor version reaching $166,00 before taxes. Those placing orders today could expect their Cybertruck to be delivered as soon as October. That’s one key sign there probably wasn’t that many reservations to begin with.

Want to know more? Check out the source code here.

Atlas Revolutionizes Restaurant Management with Tech-Driven Solutions

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Toronto’s Atlas is transforming the hospitality industry with its innovative platform that centralizes data and automates daily operations for restaurant operators. Atlas provides real-time insights, streamlines tasks, and optimizes profitability, supporting popular Toronto restaurants like Nobu and Trinity Market.

The platform integrates seamlessly with existing systems, automating processes like tip distribution and financial reporting. As the industry faces rising costs, Atlas offers solutions to enhance efficiency and reduce the burden on operators, allowing them to focus on delivering exceptional service. Atlas plans to expand its offerings and market presence in the coming months.

Want to know more? Check out the source code on Fintech.ca.