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Canadian Tech in 100 Words

Tech Leaders Pivot to Conservatives Amid Frustration with Liberals

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A WhatsApp group named Build Canada, featuring prominent tech figures like Shopify executives Tobi Lütke and Daniel Debow, reflects growing disillusionment in the Canadian tech sector with the Liberal government. Once enthusiastic supporters, tech leaders now criticize unmet promises and stalled innovation policies.

Notable frustrations include the slow rollout of open banking and the capital gains tax hike. With an election looming, the sector is aligning with Conservative leader Pierre Poilievre, citing his willingness to engage with entrepreneurs and propose tax reforms to support innovation.

Tech leaders acknowledge risks but see Poilievre’s leadership as a necessary change.

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

Canadian Startups Drive Clean Energy Innovation in 2025

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Canada’s clean energy startups are advancing global climate solutions with groundbreaking technologies in carbon capture, renewable energy, and sustainable materials.

Vancouver’s Daanaa revolutionizes solar efficiency, while Deep Sky leads in carbon removal with direct air capture projects. Calgary-based Carbonova and CarboMat focus on reducing emissions through innovative material use. Meanwhile, pH7 Technologies pioneers eco-friendly metal extraction, and VulcanX Energy advances low-emission hydrogen production.

Additional leaders include VoltSafe, enhancing energy safety, and Anodyne Chemistries, converting CO₂ into specialty chemicals. With strong support from investors and government grants, these startups are shaping a sustainable future.

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

AstraZeneca Invests $820M to Expand Canadian Operations

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British pharmaceutical giant AstraZeneca is investing $820 million to expand its operations in the Greater Toronto Area, creating over 700 high-value jobs. The Ontario government is supporting the move with a $16.1-million grant through Invest Ontario, aiming to strengthen the province’s life sciences sector.

The new facility will enhance AstraZeneca’s capabilities in oncology, immunology, and infectious diseases using AI and digital health technologies. CEO Pascal Soriot highlighted Canada’s potential as a global life sciences hub, citing its talent pool and world-class research network.

AstraZeneca has created 1,200 jobs and invested $1.3 billion in Canada since 2023.

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

NEO Battery Materials to Build Silicon Anode Plant in Windsor

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NEO Battery Materials has signed a lease for 8 acres at Windsor Airport, marking a key step in establishing Canada’s first advanced silicon anode manufacturing facility. The $120M investment will create 100 skilled jobs and produce 5,000 tons of silicon anodes annually, supporting Canada’s battery supply chain.

The agreement includes a 49-year lease with tax incentives, highlighting Windsor’s commitment to fostering innovation. Backed by a Community Improvement Plan grant, NEO’s facility aims to reduce reliance on imports while advancing clean technology.

CEO Spencer Huh called the deal a transformative milestone for Ontario’s growing battery ecosystem.

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

Stripe Lays Off 300 Employees, Emails Include Cartoon Duck

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Stripe, the payment processing giant, laid off 300 employees—about 3.5% of its global workforce—during its annual review process. The layoffs, reducing Stripe’s staff to roughly 8,200, were marred by email errors, including incorrect termination dates and an image of a yellow cartoon duck.

Chief People Officer Rob McIntosh apologized for the mishap, confirming corrected notifications were sent. The layoffs follow Stripe’s 14% workforce reduction in 2022 but come as the company plans to grow to 10,000 employees by year’s end. The incident highlights ongoing challenges in tech workforce management.

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

Xanadu Advances Quantum Networking with Aurora System

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Toronto-based Xanadu has unveiled Aurora, a breakthrough quantum computing system that networks 35 photonic chips and 13 km of fiber optics across four server racks. CEO Christian Weedbrook calls it a “baby data centre,” marking the first scalable quantum network that retains critical data.

Published in Nature, the advance uses photonics to minimize data loss and maintain quantum entanglement, solving a key barrier to scaling quantum systems. Backed by US$241M from investors and $40M from Canada’s Strategic Innovation Fund, Xanadu aims to build a full-scale quantum data center by 2029.

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

Novacap Raises $1B for Digital Infrastructure Fund

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Montreal-based private equity firm Novacap has raised over USD $1 billion USD for its first fund dedicated entirely to digital infrastructure. Backed by institutional investors, family offices, and high-net-worth individuals globally, the fund exceeded its original $750-million USD target.

The fund aims to invest up to $100 million in 10 regional companies offering connectivity and data access services. Novacap CEO Pascal Tremblay attributes demand to AI-driven growth.

Initial investments include INdigital, All West Communications, Communications Tower Group, and H5 Data Centers. Founded in 1981, Novacap manages over $10 billion CAD in assets.

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

Amazon Shuts Quebec Warehouses, Lays Off 1,700 Workers

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Amazon is closing all Quebec warehouses, laying off 1,700 regular employees and 250 seasonal workers. Operations will cease at seven sites, including a fulfillment center, sorting centers, and delivery stations, within two months.

Spokesperson Barbara Agrait denied unionization at Laval’s DXT4 warehouse influenced the decision, citing a return to Amazon’s third-party delivery model used until 2020. Employees will receive severance packages, job placement support, and up to 14 weeks of pay.

Many employees expressed shock and frustration, claiming the closures were abrupt and union-related. The layoffs leave workers like single mother Bobbie-Jo Vaughan facing uncertain futures.

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

Salesforce Leaders Predict Agentic AI’s Transformative Future

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Salesforce executives are championing agentic AI—autonomous systems that execute tasks with context-aware decision-making—as the next evolution in artificial intelligence. AI agents promise groundbreaking impacts in industries by automating workflows, collaborating in teams, and providing seamless customer experiences.

Predictions include multi-agent systems tackling complex business challenges, AI becoming the preferred customer engagement channel, and the rise of personal agents entering workplaces. Trust remains paramount, with leaders emphasizing explainability, security measures, and governance frameworks. Agentic AI could transform learning, cybersecurity, and customer journeys while driving loyalty and innovation in businesses across industries.

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

Big Six Shrinks Climate Commitment Amid Criticism

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Scotiabank has joined CIBC, BMO, National Bank, and TD Bank in withdrawing from the Net-Zero Banking Alliance (NZBA), leaving RBC as the sole Canadian member. The alliance, launched in 2021, committed banks to achieving net-zero portfolio emissions by 2050 with detailed plans.

Critics, including U.S. Republicans, argue the NZBA violates fiduciary duties and targets the oil and gas industry. Pressure to abandon climate commitments intensified ahead of Donald Trump’s inauguration, with his administration rolling back climate initiatives like the Paris Agreement. Despite leaving NZBA, banks claim continued commitment to climate goals.

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