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Canadian Tech in 100 Words

Calgary Developers Launch Canadian Budgeting App

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Calgary developers Florencia Chomski and Ahmad Jamal have launched budgeting startup Waypoint after confronting their own financial challenges. Built nights and weekends, the platform now counts more than 1,000 users, including roughly 150 paying customers.

Designed specifically for Canadians, Waypoint incorporates accounts such as TFSAs and RRSPs often overlooked by U.S.-focused tools. The founders say future improvements depend on Canada’s open banking rollout, which would enable smoother bank integrations. The startup has also applied to the Alberta Digital Traction Program to accelerate growth.

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

Ottawa Funds Green Upgrade at Ontario Port

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Canada’s Transport Canada has committed $6.4 million through the Green Shipping Corridor Program to modernize operations at R.W. Tomlinson’s Ontario Trap Rock facility in Bruce Mines. Transport Minister Steven MacKinnon said the project will electrify an extended ship loading system replacing diesel haul trucks moving aggregates 2.7 kilometres to the dock.

Chief executive Ron Tomlinson said the upgrade will improve efficiency and reduce emissions while supporting Great Lakes construction supply chains. The initiative advances Canada’s push toward cleaner marine transport infrastructure.

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

Bank of Canada Warns Fintechs on Marketing Claims

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The Bank of Canada has warned fintech companies not to promote their registration under the country’s new payments oversight regime as an endorsement. In guidance issued through a newsletter, the bank said suggesting approval or backing by the central bank is “strictly prohibited.” Firms may only reference their status by directing users to the official registry.

Spokesperson Akim Thibouthot did not confirm whether promotional announcements violate the directive. Since September, non-bank payments providers must register and follow safeguards designed to protect users from failures, cyberattacks and operational risks.

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

BDC Expands Defence Tech Fund to $6B

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Canada’s development lender Business Development Bank of Canada has expanded its defence and security financing program to $6 billion, adding $2 billion amid rising demand from technology firms. The initiative, launched in December, has already provided nearly $92 million to 16 companies through loans, equity investments and advisory services.

BDC said the additional capital will support startups, universities, incubators and accelerators developing defence technologies for Canada and allied markets. The move aligns with Ottawa’s broader effort to strengthen the domestic defence innovation ecosystem and accelerate commercialization of emerging technologies.

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

Xanadu Seeks $390M for Quantum Manufacturing

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Toronto quantum computing developer Xanadu is negotiating up to US$390 million in public financing from the federal and Ontario governments to support domestic manufacturing expansion. The funding would help build capacity to test, prepare, and assemble quantum hardware for a planned Toronto data centre targeted before 2030.

Xanadu already opened a $10-million chip packaging line last year and previously secured $40 million through Ottawa’s Strategic Innovation Fund. Governments are still conducting due diligence before any agreements are finalized. The investment aims to strengthen Canada’s position in the global quantum computing race.

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

Gumloop Raises $50M for AI Agent Platform

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San Francisco-based startup Gumloop has raised US$50 million in Series B financing led by Benchmark, with participation from Shopify’s venture arm, First Round Capital, and Y Combinator.

Founded in Vancouver by McGill engineering graduates including CEO Max Brodeur-Urbas, the company develops tools that allow non-technical staff to build AI agents for tasks such as research and analysis. Customers include firms like Ramp. Gumloop relocated to Silicon Valley in 2024 while expanding hiring in Vancouver.

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

Legora Buys Canada’s Walter in AI Push

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Vancouver legal technology startup Walter has been acquired by European platform Legora in a cross-border transaction reflecting consolidation in legal artificial intelligence. Founded by Ryan Wilson with Jon Conlin and Karl Campbell, Walter built workflow-embedded AI to reduce routine legal tasks.

Collaborations with Fasken and McCarthy Tétrault refined its tools in live environments. Wilson cited early support from Constantinos Ragas and Matthew Peters. Stockholm-headquartered Legora is integrating Walter engineers to build end-to-end legal agents.

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

RBC Acquires Pinch to Boost Digital Mortgages

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Royal Bank of Canada has acquired Toronto fintech Pinch Financial to expand digital mortgage services. Pinch developed an online qualification platform that verifies borrower data electronically, reducing paperwork and accelerating lender connections.

Senior vice-president Janet Boyle said the purchase advances RBC’s digital roadmap and homeownership support. Chief executive Andrew Wells said the deal scales Pinch’s streamlined, transparent approach nationwide. The acquisition strengthens RBC’s strategy to deliver personalized, efficient financial services as digital lending competition intensifies.

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

Ballard Lands Major Fuel Cell Bus Deal

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Vancouver’s Ballard Power Systems has secured a major commercial agreement with bus maker New Flyer to supply 500 hydrogen fuel cell engines. The FCmove-HD+ order totals 50 megawatts, with deliveries beginning 2026 for North American deployment.

Executives Oben Uluc and David White cited performance and partnership longevity. Ballard-powered fleets exceed 2,200 buses globally, logging 250 million kilometres with 98 percent availability. Hydrogen propulsion supports long range and rapid refueling for transit decarbonization.

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

Report Highlights Gender Gap in Workplace AI

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New research from Monday Girl indicates gender divides in workplace artificial intelligence adoption across Canada. While 64% of Canadians used AI in the past year, men led usage at 68% compared with 61% among women. Confidence gaps persist: 52% of men feel confident using AI tools versus 36% of women.

Women also reported higher concern about workplace consequences at 46%, compared with 40% of men. Intimidation and confusion levels were similarly elevated. Younger workers showed greater anxiety. The report calls for improved training, resources, and support to ensure inclusive technological participation nationwide.

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