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Canadian Tech in 100 Words

Osler Report Tracks Venture Market Stabilization

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Osler’s latest Deal Points Report shows Canada’s venture financing market stabilizing after several uneven years. Drawing on confidential data from 646 preferred share financings between 2020 and 2024, representing more than US$11.4 billion in transaction value, the report highlights regional strength in Ontario, British Columbia, Québec, and emerging Prairie ecosystems.

Osler says Canadian deal terms remain broadly aligned with CVCA and NVCA model documents, suggesting companies continue raising on market terms. The report also points to renewed activity in larger financings, even as startups face a more selective capital environment.

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

TD Warns Canada Must Retain Tech Talent

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Canada’s technology talent challenge is increasingly about retention, according to TD Economics. The report says Canada produces strong research, education and skilled immigration outcomes, but struggles to keep top workers inside domestic companies that scale globally.

TD warns the country risks becoming a feeder system for the United States, as STEM graduates and technical workers pursue larger innovation ecosystems. It points to weak commercialization, scale-up capacity, compensation gaps and tax pressures domestically. The solution, TD argues, is building stronger companies, deeper capital markets and career pathways that make staying attractive.

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

Wealthsimple Expands Banking Ambitions

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Wealthsimple is expanding beyond investing with banking services for households, children, and businesses. Announced at Wealthsimple Presents in Calgary, the rollout includes Wealthsimple Households, Kids and Teens Accounts, Authorized Traders, and Wealthsimple Business. The company said more than 315,000 people registered for the livestream, while 650 attended in person.

Business Chequing is available now, with additional products including a prepaid business card, U.S.-dollar accounts, and credit backed by corporate investments. Wealthsimple also launched Spend Insights to track transactions and identify opportunities. The move positions Wealthsimple as a broader financial platform.

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

Relay Raises $50M to Expand Banking Platform

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Toronto-born fintech Relay Financial has raised $50 million from General Catalyst’s Customer Value Fund to expand its business banking platform. Relay serves more than 150,000 small businesses and manages over $1.3 billion in customer deposits.

Chief executive Yoseph West said the funding will help grow Relay’s brand and market reach, particularly among American entrepreneurs seeking cash flow clarity. The round follows a US$32 million financing led by Bain Capital Ventures in 2024. Relay recently launched term loans through Relay Capital, adding lending to its platform as demand for small-business financing rises.

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

Rogers Invests $5M in Vancouver 5G

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Rogers is investing $5 million to upgrade its 5G+ network in Vancouver ahead of the FIFA World Cup. The improvements will target BC Place, fan zones, hotels, SkyTrain stations, and high-traffic downtown areas to support visitors and residents during the tournament.

Rogers said the upgrades include additional spectrum, temporary Cells on Wheels, and new technology to improve speed, capacity, and reliability. The investment builds on prior network work at BC Place before Taylor Swift’s Eras Tour. Rogers is also investing in Toronto as Canada prepares to host global soccer events.

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

CoreWeave Anchors Calgary AI Data Centre

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CoreWeave will anchor the first phase of eStruxture’s new CAL-3 data centre in Rocky View County, strengthening Calgary’s position in artificial intelligence infrastructure. Montreal-based eStruxture said the 90-megawatt, Tier III-designed facility will come online in the second half of 2026 and support high-density AI computing.

The project forms part of more than $1 billion in Alberta digital infrastructure investment. CoreWeave, a Nasdaq-listed AI cloud platform, cited provincial support as a factor in long-term investment. Executives said the deal reinforces Alberta’s role in Canada’s data economy and global AI supply chain.

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

Second-Life Battery Site Targets Global Scale

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Moment Energy is building a new Surrey facility it says will become the world’s largest certified second-life battery repurposing site. Announced at Web Summit Vancouver, the project is expected to reach full operations by the end of June 2026 and scale to 1 GWh of capacity by 2030.

The facility will create more than 100 skilled jobs and support energy storage demand from data centres, utilities, and industrial customers. Moment repurposes retired electric vehicle batteries into commercial storage systems, extending material life while supporting power resiliency and domestic clean energy infrastructure.

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

TELUS Bets on B.C. AI Infrastructure

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TELUS is planning a major sovereign AI data centre cluster in British Columbia, working with the Government of Canada under its Enabling Large-Scale Sovereign AI Data Centres initiative. The proposed cluster will span three facilities: an expanded Kamloops data centre and two new Vancouver sites developed with Westbank and partners.

At full scale, TELUS expects more than 60,000 high-performance GPUs and over 150 megawatts of capacity by 2032. The company says the project will inject $9 billion into the Canadian economy, support domestic AI training and inference, and help keep sensitive data and intellectual property in Canada.

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

Rogers Expands Satellite Coverage Into U.S.

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Rogers Communications has expanded its satellite-to-mobile coverage into the United States through a partnership with T-Mobile, extending connectivity for Canadian customers travelling beyond traditional cellular networks. The move adds approximately 1.3 million square kilometres of coverage, enabling users to send text messages, access select apps, and receive emergency alerts in areas without cell service.

The service integrates Rogers Satellite with T-Mobile’s T-Satellite network and is included at no additional cost for certain plans. Executives said the expansion enhances cross-border connectivity while reinforcing Rogers’ position in satellite-enabled mobile infrastructure.

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

Wealthsimple Enables Trading via X Cashtags

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Wealthsimple has partnered with social media platform X to enable Canadian users to trade financial assets directly from “Smart Cashtags,” linking online discussions with execution. The feature allows users to tap ticker symbols within posts and be redirected to Wealthsimple’s platform to complete trades.

X has integrated real-time data, charts, and related content into cashtag pages, aiming to streamline the connection between market information and action. Wealthsimple said trading remains on its platform, with no user data shared with X. The rollout reflects a broader push toward integrating financial services into social platforms.

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