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Canada explained in one minute. Verified news, every day.

DropGenie raises $5 million USD backed by BDC to speed up biological discovery
tech#DropGenieUSDBDC ·

DropGenie raises $5 million USD backed by BDC to speed up biological discovery

DropGenie raises $5 million USD backed by BDC to speed up biological discovery

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Montréal and Boston-based biotech startup aims to draw more data out of small samples. From a single drop of blood, you can find a whole world of biological information. One biotech startup is hoping that its miniaturized technology can make scientific research easier and more efficient, even when very little patient material is available. DropGenie, based in Montréal and Boston, is betting its approach can help the pharmaceutical industry develop more therapies.

AI race beyond US, China: Japan, South Korea emerge as leading AI-ready economies. How India fares
business#USChina ·

AI race beyond US, China: Japan, South Korea emerge as leading AI-ready economies. How India fares

For India, the challenge extends beyond developing AI models or attracting technology investment. It is also about ensuring that AI…

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For India, the challenge extends beyond developing AI models or attracting technology investment. It is also about ensuring that AI adoption improves productivity across the economy while preparing workers for changing job requirements.

U.K. won’t join Canada-led defence bank, but pledges cooperation
breaking#UK1678tn0 ·

U.K. won’t join Canada-led defence bank, but pledges cooperation

The United Kingdom has declined Canada’s invitation to join the new Defence, Security and Resilience Bank, a multilateral lender designed…

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The United Kingdom has declined Canada’s invitation to join the new Defence, Security and Resilience Bank, a multilateral lender designed to lower borrowing costs for military spending by pooling allied credit strength. London confirmed the decision Sunday while announcing it will instead pursue its own financing programme, the Multilateral Defence Mechanism. Both governments agreed to develop the two institutions as distinct but complementary bodies and to craft a formal framework for cooperation between them. The Canadian-led bank will be headquartered in Canada and already has backing from Belgium, Turkey and Ukraine, among eight committed countries. In a joint statement, the two nations said they will work in close partnership on shared investment opportunities and challenges. The agreement also includes a pledge to coordinate efforts to meet NATO defence spending targets.

President Trump to adjust Canadian tariffs ahead of midterm elections
world#TrumpCanadaTariffs ·

President Trump to adjust Canadian tariffs ahead of midterm elections

President Trump will adjust Canadian tariffs, removing duties on some goods while adding new levies on others before the midterms.

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President Donald Trump announced adjustments to Canadian tariffs on Friday in the U.S. to address Republican concerns before November midterms. Sen. Susan Collins stated the administration will scrap 50 per cent levies on agricultural machinery, seaweed, and packaging equipment. The White House will simultaneously impose new 50 per cent Section 338 tariffs on carpets, shampoos, and canoes under 7.5 metres.

mRNA cancer vaccine reduces melanoma recurrence in major study
tech#ModernaMerckCancerVaccine ·

mRNA cancer vaccine reduces melanoma recurrence in major study

An mRNA cancer vaccine from Moderna and Merck reduces melanoma recurrence by 42 per cent in a major study.

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Moderna and Merck released study results on Thursday regarding a personalized mRNA cancer vaccine. The treatment, called intismeran, reduced the risk of melanoma returning by 42 per cent two years after surgery when combined with immunotherapy. Dr. Hussein Tawbi of MD Anderson Cancer Center described the outcome as a big win for the field. The companies moved the data release forward from a planned Saturday meeting in Madrid following a leak.

U.S. is taking in a lot of Canadians, immigration numbers up 142%
business#US1rtuoyc ·

U.S. is taking in a lot of Canadians, immigration numbers up 142%

Drawing from recent data released by the White House that show immigration to the U.S. has fallen from almost every country except Canada…

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Drawing from recent data released by the White House that show immigration to the U.S. has fallen from almost every country except Canada , the non-profit civic group Build Canada is sounding the alarm on a potential brain drain from this country into the United States.

Feds reveal breakdown of $750-million VC funding envelope, open Growth VCCI applications
business#Feds750VCGrowth ·

Feds reveal breakdown of $750-million VC funding envelope, open Growth VCCI applications

Canada's $1.75 billion venture capital boost targets early-growth-stage funding, aiming to attract private capital and support domestic

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Canada's federal government has unveiled a $1.75 billion CAD plan to boost venture capital and technology sectors, with a focus on early-growth-stage funding. The breakdown includes a $750 million Early and Growth Stage Investment Strategy, with $675 million for later-stage gaps and $75 million for pre-seed and seed-stage startups in strategic industries. The aim is to attract private capital and support domestic tech companies, addressing a critical funding gap.

Neo Financial secures $185-million credit facility from credit unions
business#NeoFinancial185 ·

Neo Financial secures $185-million credit facility from credit unions

Neo Financial's $185 million credit facility deal led by ATB Financial supports its credit card program's growth.

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Neo Financial, a Canadian fintech company, secured a $185 million credit facility from ATB Financial and credit unions on Thursday. The deal, led by ATB Financial, includes Vancity, Beem, Alterna, and Innovation Federal Credit Union. Neo plans to use the funding to expand its credit card program's funding capacity. The terms allow for an increase to $250 million, and Neo aims to build a platform for other financial institutions to participate in its growth.

iPhone Duo in Canada: Out today, but good luck finding one
tech#Duo1kbzrf6 ·

iPhone Duo in Canada: Out today, but good luck finding one

It's official: the iPhone Duo, Apple's first foldable phone, has been on sale in Canada since Friday, October 23. But if you didn't…

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It's official: the iPhone Duo, Apple's first foldable phone, has been on sale in Canada since Friday, October 23. But if you didn't pre-order in the first few minutes, getting your hands on one could be a real challenge.

‘Part of the city’s DNA’: Former BioWare writer reflects on company's impact on Edmonton
tech#DNAFormer ·

‘Part of the city’s DNA’: Former BioWare writer reflects on company's impact on Edmonton

Electronic Arts is closing BioWare’s Edmonton studio as part of a restructuring that cuts about three percent of its workforce. The…

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Electronic Arts is closing BioWare’s Edmonton studio as part of a restructuring that cuts about three percent of its workforce. The developer launched in 1995 and created franchises including Mass Effect, Baldur’s Gate, Anthem and Star Wars: Knights of the Old Republic. EA acquired the independent studio in 2008. Former senior writer Ben Gelinas says the closure ends a company that trained a generation of local developers and shaped Edmonton’s wider tech community. He adds that many current city studios trace their staff and skills directly back to BioWare. The move reflects a broader industry shift away from massive blockbuster projects toward smaller and online development.

PataBid raises $2 million to expand AI construction estimator
tech#PataBidAiFunding ·

PataBid raises $2 million to expand AI construction estimator

PataBid raised $2 million in pre-seed funding led by Graphite Ventures to expand its AI construction estimator.

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Calgary-based PataBid has raised $2 million in pre-seed funding led by Graphite Ventures, with participation from Sprout Fund, Bluesky Equities, Inverted Ventures, and angel investors. The company plans to use the funds to scale product development, expand its distribution network, and accelerate commercialization across North America. PataBid is developing an agentic AI called Newton, which it says will launch in 2027.

Global websites face mass outages due to critical PHP flaws
tech#PhpCyberSecurityVulnerabilities ·

Global websites face mass outages due to critical PHP flaws

Global websites face mass outages as cyber agencies warn of critical PHP flaws

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Global websites, including Nintendo, parts of Wikipedia, and government sites in France, Finland, and the Netherlands, were taken offline following warnings of mass attacks. The Canadian Centre for Cyber Security and other agencies warned of two critical PHP flaws, nicknamed “PHP2Shell,” which could allow attackers to control web servers without logging in. PHP developers released fixes after details leaked online ahead of the planned disclosure date.

Edmonton-based video game studio BioWare shutting down after more than 30 years
tech#BioWareEdmonton ·

Edmonton-based video game studio BioWare shutting down after more than 30 years

Electronic Arts shuts down BioWare, ending the studio's 30-year legacy.

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Electronic Arts is shutting down BioWare, a renowned video game studio based in Edmonton, Canada. The studio, known for iconic games like Baldur's Gate and Dragon Age, has been a part of the gaming industry for over three decades. BioWare's co-founder, Trent Oster, expressed sadness over the closure, reflecting on the studio's legacy and impact on the gaming world.

Two critical PHP vulnerabilities prompt global website takedowns and urgent security update
tech#CriticalPHP ·

Two critical PHP vulnerabilities prompt global website takedowns and urgent security update

Global website takedowns and urgent security updates are the result of two critical PHP vulnerabilities.

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Two critical vulnerabilities in the PHP programming language have prompted global action. International governments and agencies, including the US National Security Agency and the White House, have advised websites to apply urgent security updates or temporarily take their sites offline. The flaws, discovered by AI, are considered severe and provide potential access to servers and databases.

Critical PHP security flaw forces government websites offline worldwide
tech#PHPSecurityVulnerability ·

Critical PHP security flaw forces government websites offline worldwide

PHP developers release a fix for a critical security flaw, prompting government websites to go offline globally.

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A critical security flaw in the PHP programming language has forced government websites worldwide to go offline. The PHP developers released a fix on Wednesday, urging users to update immediately. Some governments, including Canada and European countries, took proactive measures by taking their sites offline to address the vulnerabilities.