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Canadian Tech in 100 Words

CCI Urges Ottawa to Make Innovation a Cabinet Priority

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The Council of Canadian Innovators (CCI) has released A Mandate to Innovate, a policy report urging Prime Minister Mark Carney’s new cabinet to prioritize innovation-driven economic growth. The document offers recommendations to 12 ministries and calls for an independent innovation agency, talent attraction, procurement reform, and innovation in core sectors.

CCI warns that Canada’s economic stagnation and declining productivity demand urgent action. Citing security and sovereignty concerns amid U.S. trade tensions, the report calls on government to become a better customer and champion of domestic innovation. The framework builds on feedback from 150 Canadian tech CEOs.

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

Canadian CEOs Lead AI Push, Struggle to Scale

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Canadian CEOs are aggressively pursuing AI adoption, with 72% actively implementing AI agents—outpacing the global average of 61%, according to IBM’s 2025 CEO Study. Despite this enthusiasm, only 14% of Canadian AI initiatives have scaled successfully, and just 27% have delivered expected ROI. Leaders cite data integration and workforce readiness as key challenges.

Vancouver International Airport is spotlighted for embedding AI across operations, including digital twins and AI assistants. IBM Canada’s Rob Wilmot says the focus must now shift from ambition to execution. CEOs are prioritizing upskilling and risk-taking to drive productivity and long-term competitive advantage.

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

Calgary Lands Canada’s First XPRIZE Hub

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Calgary has been named home to Canada’s first XPRIZE Hub, hosted by the University of Calgary and supported by a $1.5 million investment from the Opportunity Calgary Investment Fund. The hub will serve as a national innovation centre aligned with global counterparts in Glasgow and Geneva.

XPRIZE, renowned for breakthrough competitions in space and climate, will use the Calgary hub to foster Canadian entrepreneurship, research, and collaboration. The four-year agreement aims to support startups, train innovators, and host global events—advancing Calgary’s role as Canada’s innovation capital and deepening its impact on the global stage.

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

AI-First Mandate Leads to Major Layoffs at OpenText

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Kitchener-Waterloo’s OpenText is eliminating 1,600 more jobs as part of its expanded global “business optimization plan,” citing a shift to AI-first operations. CEO Mark Barrenechea described AI adoption as a “baseline expectation,” stating that the company conducted a “deep analysis” of roles that could be replaced by machines.

The total net reduction now stands at 2,000 jobs. OpenText, which employs over 23,000 globally, plans to rehire 1,000 people into high-impact roles with AI capabilities. Executives claim the move will generate up to $550 million USD in annual savings. AI will now influence hiring, performance, and resource allocation decisions.

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

Unblocked Raises $27.5M to Clarify Complex Code

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Vancouver startup Unblocked has secured $27.5 million in Series A funding to advance its contextual code intelligence platform. The company, led by CEO Dennis Pilarinos, helps developers understand the history and intent behind complex codebases—addressing a widespread issue in modern software development.

Used by thousands of developers, Unblocked reduces time spent deciphering legacy code or sifting through outdated documentation. With demand rising alongside AI-generated code, the company plans to expand into AWS, GCP, and Datadog environments while strengthening core features and open-source partnerships. Unblocked was named one of B.C.’s top startups to watch in 2024.

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

Exterra Raises $20M to Reclaim Asbestos Waste

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Montréal cleantech firm Exterra has raised $20 million in Series A funding to scale its technologies for turning asbestos mine waste into valuable materials and carbon storage assets. Backed by Clean Energy Ventures, BDC Capital, and Investissement Québec, Exterra plans to build the world’s largest asbestos tailings mitigation plant by 2027.

Its process extracts minerals like nickel and magnesium oxide, then converts them into carbon-sequestering compounds. With operations planned in Québec’s historic asbestos towns, the project combines industrial reuse, emissions reduction, and economic revitalization. The company’s carbon credits are already spoken for by Frontier Climate and MaRS.

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

Safe Software Ramps Up Hiring as Revenue Soars

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Surrey-based Safe Software is expanding rapidly amid surging demand for AI-integrated data tools. CEO Don Murray expects revenues to hit $112 million in 2024, up from $80 million last year. The company, which specializes in data integration and geospatial analytics, has grown from 244 to nearly 400 employees and plans to hire 100 more.

Safe Software’s tools help organizations link AI to internal systems and visualize information in augmented reality—for instance, overlaying pipe networks or service records in the real world. With rising interest in digital twins, especially among airport authorities, Safe’s geospatial focus is proving a key differentiator.

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

Freightera Marks 11 Years with Record Growth

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Vancouver-based Freightera is celebrating its 11th anniversary with record growth and profitability, bucking trends in a struggling logistics sector. In 2024, the online freight marketplace grew revenue by 31.4%, expanded its automated freight division by 35.8%, and increased EBITDA by 270%.

Freightera serves 25,000+ clients, offering fixed-price LTL and truckload booking with emissions tracking powered by SmartWay™ data. Over half its customers reduced freight emissions by more than 20%. With global expansion ahead and only $8 million raised to date, the climate-aligned firm is attracting investor attention.

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

Calgary Fintech Teams Up with TELUS for Fleet Overhaul

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Calgary-based fintech Fillip has partnered with TELUS to launch an integrated fleet management solution combining real-time vehicle insights with digital fuel payments. The partnership links Fillip’s Visa-powered app and universal fleet card—accepted at over 11,000 fuel stations—with TELUS’ Connected Fleet, Telematics & Asset tools.

The offering provides real-time expense tracking, fraud prevention, and vehicle performance monitoring. TELUS estimates businesses can save up to 10 hours monthly on administration and reduce annual costs by 5–10%. Available nationwide, the platform addresses a $53-billion market and offers enhanced control for Canada’s 2.8 million fleet vehicles.

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

Shakepay Joins Payments Canada to Boost Speed, Trust

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Montreal-based Shakepay has joined Payments Canada, advancing its status as a regulated financial entity in Canada. The cryptocurrency-focused fintech, which recently earned securities dealer recognition from the Canadian Investment Regulatory Organization, now gains the ability to apply for direct access to Canada’s core payment infrastructure.

CEO Jean Amiouny said the move will improve speed and efficiency for customers while reducing reliance on third-party systems. Shakepay serves over one million Canadians and offers Bitcoin rewards through its payments card. The company views upcoming Real-Time Rail infrastructure as transformative and is preparing accordingly.

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