Canada Post supplier hit by huge data breach

Canada Post data breach

A data breach affected nearly 1 million individuals when a supplier to Canada Post fell victim to a malware attack last week. These individuals were customers of 44 businesses served by the postal agency. The supplier, Commport Communication – an electronic data interchange solution supplier, has been used by the postal agency to manage the […]

DoorDash makes a more permanent home in Toronto

DoorDash sets up office in Toronto

TORONTO – The food delivery app; DoorDash (DASH: NYSE) announced the launch of a new office in Toronto to house its ever-growing Engineering team. This will be the company’s first International Engineering hub and serve as a model for similar hubs in future. The move is part of a greater trend of tech companies, such […]

Wealthsimple raises $750M; now valued at $5 Billion

TORONTO- Canadian online investment platform Wealthsimple announced it has raised a landmark $750 million in its latest round of funding, making it one of the largest private tech investments in Canadian history. The Canadian robo-advisory and DIY trading platform is the latest beneficiary of an interest in Canadian tech as well as global affinity to […]

Netflix selects Toronto for its Canadian HQ

TORONTO – Netflix has chosen Toronto as the location for its proposed Canadian office. It had announced its intention to set up in Canada in February and began a selection process to determine which city would best suit its needs. “Our pitch was clear. Toronto is a film-friendly city, which welcomes and celebrates the screen […]

Clearbanc rebrands as Clearco, raises $100 Million

TORONTO – The company formerly known as Clearbanc raised an additional $100 million in Series C equity funding, bringing its total valuation close to $2 Billion. The New York and Toronto based company, now officially Clearco, has rebranded itself to include its expanded business interests. The company also received US$250M of debt from Credigy. It intends to […]

Reddit to set up in Canada increasing global presence

Reddit, the popular social news aggregation, web content rating, and discussion website has announced its plans to open a location in Toronto. As per the announcement, the Canadian flagship will include dedicated Management, Sales, Community, and Engineering teams. Following its rapid growth in the US market and expansion into the UK in 2020; the Canadian move […]

Wealthsimple allows trading in Reddit fuelled meme stocks

TORONTO – As global low-fee trading platforms such as Robinhood placed restrictions on their users from trading in Reddit fuelled ‘meme’ stocks that caused a market frenzy last week, Wealthsimple refuses to let in under pressure to restrict trade. The Canadian low-fee equivalent continued to allow trades in GME, AMC, and BB among others, albeit […]

Collision cancels in-person event amid fears of COVID-19

TORONTO – COLLISION CONF., the hugely successful tech conference, has cancelled its in-person event. An online summit has been planned instead. Collision Conference, one of North America’s biggest and fastest-growing tech conference, was planned to host in Toronto for a second time. Last year’s event drew a record 25.000 attendees from all over the world, […]

Startup raising funds to plant trees using drone technology

A Toronto startup is raising capital on Kickstarter to plant trees using drone technology. The project has already raised over $100,000 with almost 1700 backers. According to their startup page, the company Flash Forest is a reforestation company that modifies drones to fire rapidly germinating tree seeds into the soil. Besides fighting deforestation, they aim […]

Shopify announces US $5 Million sustainability fund

This week, the CEO of the popular online commerce platform Shopify (TSE: SHOP) announced the creation of a US$5 million annual fund to invest in breakthrough sustainability technologies. In a passionate letter to the public, Tobi Lütke wrote: “I want Shopify to be a company that sees the next century.” The funds are earmarked for […]