Technology
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Minnedosa, Man. company sees its tech used on Mars rover

Posted on 21 March 2021

People around the world celebrated when the first images of Mars from NASA’s Perseverance rover became public, but for a company in Minnedosa, Man., there was a closer-to-home reason to celebrate the achievement. Minnedosa’s Canadian Photonic Labs (CPL) has been working with NASA since 2006 on high-speed camera technology — some of which found its way onto Perseverance and is currently si ...

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Global Fintech Provider Nuvei Joins the American Gaming Association

Posted on 21 March 2021

WASHINGTON and MONTREAL, March 16, 2021 (GLOBE NEWSWIRE) -- Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, announces it has joined the American Gaming Association (AGA). The AGA is the premier national trade group representing the U.S. casino industry.
Nuvei’s Chief Corporate Development ...

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Fintech KOHO raises $70M to Scale Better Banking for Canadians

Posted on 21 March 2021

TORONTO, March 15, 2021 (GLOBE NEWSWIRE) -- KOHO Financial, the rapidly growing Canadian challenger bank, announced today that it has closed a $70 million oversubscribed Series C funding round. The round was led by new investor TTV Capital, with renewed commitments from existing investors Drive Capital and Portag3 Ventures.
The capital injection will allow KOHO to continu ...

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Technology and materials weigh on Toronto market

Posted on 21 March 2021

TORONTO — North American stock markets lost some ground midweek as the technology and materials sectors took hits from rising bond yields. The 10-year U.S. treasury yield rose to 1.48 per cent from 1.4 per cent. That's still below the 52-week high of about 1.6 per cent set last week that caused stock markets to falter. Rising bond yields have an influence on investor interest in the ...

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Canadian startup WaveBase building bridges between AI and Ultrasound

Posted on 21 March 2021

Kitchener-Waterloo-Cambridge, Ontario Mar 8, 2021 (Issuewire.com) – WaveBase Inc., a Kitchener, Ontario tech company has successfully tested a device that connects artificial intelligence (AI) algorithms with existing ultrasound devices. The Canadian firm’s patent-pending technology solves problems for both hospitals and AI companies as it allows rapid testing and deploym ...

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Rock Tech Lithium: Where Canadian Mining Meets German Engineering

Posted on 21 March 2021

Rock Tech Lithium (TSX-V: RCK) plans to supply the German automotive industry with lithium from 2023. The company mines the battery metal sustainably in Canada according to Western standards and does so without wasting precious water or other negative environmental impacts. In further steps, the lithium will be refined for processing in battery factories, and the company, ...

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Hootsuite Enterprise Attains Coveted FedRAMP Designation

Posted on 21 March 2021

Vancouver, BC, March 16, 2021 (GLOBE NEWSWIRE) -- Hootsuite, the global leader in social media management, today officially announced its Hootsuite Enterprise offering has achieved the FedRAMP (Federal Risk and Authorization Management Program) Authorized designation. A growing number of government agencies (The US Department of the Interior, the Department of State, the US Marines, and ...

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The Latest and Greatest Tech to Invest in for 2021

Posted on 21 March 2021

Regardless of how you feel about working from home, it’s a trend unlikely to reverse anytime soon. Nearly a fourth of Canadian businesses expect a portion of their workforce to continue working remotely indefinitely, according to a recent survey from Statistics Canada. The latest tech to invest in for 2021 is reflective of these new norms. Products featured work to increase prod ...

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Montreal jet-ski maker Taiga to go public via Canaccord SPAC

Posted on 21 March 2021

Electric jet-ski maker Taiga Motors plans to go public via a merger with a blank-check company sponsored by Canaccord Genuity Group Inc., taking advantage of investor demand for companies that can burnish their environmental credentials. Montreal-based Taiga will have an implied market capitalization of about $537 million (US$422 million) after the combination with the Canaccord G ...

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Canada is drowning in plastic waste — and recycling won't save us

Posted on 21 March 2021

For the first 50 years after plastic was invented, the idea of only using the long-lasting material once was blasphemous, an affront to values of frugality honed over years of war and economic strife. Then, in the late 1950s, the plastics industry launched a massive marketing campaign — and single-use plastic was born. “The happy day has arrived when nobody any longe ...