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The Logic

@the_logic

Canada's business and tech newsroom

 Toronto, Ontario
thelogic.co/
Joined July 2017
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Fintrac took nearly four months on average to deliver financial intelligence to law enforcement, relied on outdated technology and struggled to uncover new financial crimes, a new audit finds. thelogic.co/news/fintrac-aud…
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Eight major associations warn opting out of the Canada-led DSRB would put Germany at a competitive disadvantage. thelogic.co/news/german-indu…
Toronto’s financial district is pictured on June 4, 2026.

ALT Toronto’s financial district is pictured on June 4, 2026.

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Two years after Canada's $800-million customs tool launched, border service workers are losing 92,000 hours a year on manual workarounds, the federal auditor general found. thelogic.co/news/canada-bord…
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AI company Cohere is raising another $7 billion, with Canada’s government putting in up to $1.6 billion. The investment will value the company at $35.7 billion, a dramatic increase from its last valuation. thelogic.co/news/cohere-rais…
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Trump-weary Canadians are closely watching the U.S. midterms, hoping Tuesday’s result brings relief from the trade war. They may be in for a letdown. thelogic.co/news/analysis/ca…
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Defining “associate membership” is taking a back seat to more immediate goals as Carney and European Commission President Ursula von der Leyen prepare to meet in Montreal. thelogic.co/news/special-rep…
European Commission President Ursula von der Leyen, left; Canadian Prime Minister Mark Carney, centre and European Council President António Costa are smiling, holding hands in a unity gesture, standing before Canadian and EU flags.

ALT European Commission President Ursula von der Leyen, left; Canadian Prime Minister Mark Carney, centre and European Council President António Costa are smiling, holding hands in a unity gesture, standing before Canadian and EU flags.

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Singaporean sovereign wealth fund GIC led the round, valuing Toronto fintech Wealthsimple 38 per cent higher than its last funding round a year ago. thelogic.co/news/wealthsimpl…
Michael Katchen speaks during the Elevate conference in Toronto, on Wednesday, September 21, 2022.

ALT Michael Katchen speaks during the Elevate conference in Toronto, on Wednesday, September 21, 2022.

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Bank of Canada raises key interest rate amid soaring energy costs. thelogic.co/news/bank-of-can…
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Major projects, the trade war and Ottawa’s deluge of planned defence spending shaped many of the asks for this year’s federal budget. The Logic reviewed more than 1,350 submissions to see what business wants. thelogic.co/news/special-rep…
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The Financial Data Exchange is the most widely used technical standard for financial data sharing in North America, but Ottawa has questions about its American roots. thelogic.co/news/open-bankin…
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Canada faces a satellite-launch crunch as SpaceX retires its workhorse rocket. thelogic.co/news/canada-spac…
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Kevin Carmichael: It’s been a long time since the country has faced real constraints—but constraints are what spark creativity. thelogic.co/commentary/carmi…
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Ottawa is softening its ban on stablecoin yield; under new draft regulations, issuers can pay rewards on stablecoin balances based on transaction activity, not passive holding. thelogic.co/news/stablecoin-…
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Ranovus CEO Hamid Arabzadeh says the federal photonics fabricator will be among the first targets of the chipmaker’s new venture arm thelogic.co/news/exclusive/r…
A person wearing a surgical gown, mask and gloves stands facing a screen in a lab under yellow lighting.

ALT A person wearing a surgical gown, mask and gloves stands facing a screen in a lab under yellow lighting.

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Ottawa's new $1.75B venture funding program aims to attract billions in private investment, with most of a separate $750-million fund earmarked for later-stage companies. thelogic.co/news/growth-vcci…
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Oil tycoon Adam Waterous is proposing a crude-by-rail export terminal at Prince Rupert, B.C., that he says could ship an additional 250,000 barrels a day to Asian markets. thelogic.co/news/adam-watero…
An overhead shot of tanker cars in a rail yard.

ALT An overhead shot of tanker cars in a rail yard.

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RBC’s AI chief Bruce Ross says the bank is concerned about letting AI agents access customer accounts and move money without the right safeguards in place. thelogic.co/news/rbc-artific…
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Amid an ambitious expansion plan, National Bank CEO Laurent Ferreira says AI will mean banks face more intense competition and slimmer retail banking margins. thelogic.co/news/national-ba…
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Lenders are tightening oversight of AI agents and pulling the plug on tools that don’t deliver measurable results. thelogic.co/news/banks-ai-ag…
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Brookfield’s new CEO flexes the firm’s soft power with its $50 billion Canadian bet. thelogic.co/news/brookfield-…
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