Canada's moment to build is now. Read BetaKit Most Ambitious 2026.
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Canadian Tech & Startup News
Canada's moment to build is now. Read BetaKit Most Ambitious 2026.
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Alex Riehl

Alex Riehl

Alex Riehl is an Ottawa-based staff writer and newsletter curator at BetaKit. His main interests are in tech, gaming, and sports. You can follow his sports takes @alexriehl.com on Bluesky and reach him by email Alex.Riehl@betakit.com or Signal: @riehlalex.99.

FinTech

Wealthsimple launches margin trading feature for eligible users

Feb 6, 2025

FinTech company provides resources to help users navigate risks associated with margin investing.

Funding

University of Waterloo to open GENESIS, a new blockchain and AI research lab

Feb 6, 2025

New facilities supported by $1.4-million donation from professor-founded blockchain startup Interop Labs.

Funding

Emmertech leads Rayhawk seed round to automate dangerous rail car loading work

Feb 5, 2025

Rayhawk’s proprietary technology automates opening, inspecting, closing, and sealing railcars lids.

Deputy Chief Trade Commissioner on tariffs: Canada “not out of the woods yet”

Feb 5, 2025

Global Affairs leader told businesses tariffs don’t include digital services during CCI webinar.

StackAdapt
Funding

Teachers’ Venture Growth leads round valuing StackAdapt near $2.5-billion USD

Feb 4, 2025

Reports indicate round is largely secondary like a previously undisclosed 2022 Summit Partners investment.

Toronto

MaRS appoints Grace Lee Reynolds as permanent CEO, adds board members 

Feb 4, 2025

MaRS board member says appointees Helen Angus and Andrew Joyner bring expertise in public-private collaboration.

Impact

Startup support networks ventureLAB and The Firehood appoint new leaders

Feb 3, 2025

The Firehood gains new executive director while ventureLAB selects head of medtech initiatives.

Ontario to cancel $100-million Starlink contract in response to US tariff threat

Feb 3, 2025

Premier Doug Ford announced the province will no longer sign contracts with American companies.

Shopify CEO Tobias Lütke at the BetaKit Town Hall.
Retail

Shopify CEO commits to ‘buy local’ features for Shop app after criticizing Canada’s tariff response

Feb 2, 2025

US and Canada first to be featured as Tobi Lütke claims Shopify is “unaffected” by tariffs.

Funding

Mangrove Lithium secures $50.4 million to construct lithium refining plant in British Columbia

Jan 31, 2025

Company claims facility will produce enough battery-grade materials annually to power 25,000 EVs.

Federal government delays implementation of capital gains inclusion rate increase to 2026

Jan 31, 2025

Tax changes previously set for June of last year will now wait until next January.

Impact

Boardy partners with Diversio in effort to make its AI more inclusive following email backlash

Jan 31, 2025

AI “superconnector” that sent unsolicited messages about users’ looks will now undergo inclusivity training.

Reports

Majority of Canadian IT workers say they’d consider relocating to the US: survey

Jan 30, 2025

Canadian IT landscape needs more training, tech hubs outside of major cities, respondents say.

sales software
Funding

Canadian-led Nue raises $28.8-million Series A round led by Inovia

Jan 29, 2025

San Francisco-based revenue management platform plans to expand globally.

Acquisitions

Big in Japan: Nuvei acquires Paywiser’s Japanese subsidiary in Asia-Pacific market push

Jan 29, 2025

Acquisition includes licence allowing Nuvei to process payments across all major networks in the country.

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