Saris raises $28.8-million USD Series A to automate banks’ back offices

BetaKit - Thu, 05/28/2026 - 09:29

Canadian founders of YC-backed Oohlala Mobile return with new startup.

The post Saris raises $28.8-million USD Series A to automate banks’ back offices first appeared on BetaKit.

Categories: Technology news

Shopify: this analyst just chopped his price target

Can Tech - Thu, 05/28/2026 - 09:03
National Bank Financial analyst Doug Taylor says Shopify’s (Shopify Stock Quote, Chart, News, Analysts, Financials NYSE:SHOP)  recent multiple compression has created a compelling entry point, with the company continuing to stand out as a rare Canadian technology name combining high organic growth, scale, profitability and liquidity. Taylor maintained his “Outperform” rating on Shopify (but lowered […]

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Waymo won’t kill Uber, this investor says

Can Tech - Thu, 05/28/2026 - 08:40
Murray Wealth Group president Jamie Murray told BNN Bloomberg’s Market Call on May 25 that Uber Technologies (Uber Technologies Stock Quote, Chart, News, Analysts, Financials NYSE:UBER) remains well-positioned despite investor concerns about autonomous vehicles. Murray said Uber’s core rideshare and food delivery businesses continue to perform well, with revenue, cash flow and user growth all […]

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Q&A: Erin O’Toole says Canada needs to play catch-up on defence innovation

BetaKit - Thu, 05/28/2026 - 07:00

Erin O’Toole wants Canadian innovators to seize the moment before it’s gone.

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Canada’s quantum Cassandra is finally heard 

BetaKit - Thu, 05/28/2026 - 06:00

Turing Award winner Gilles Brassard has spent decades warning about the threat posed by powerful quantum encryption.

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Categories: Technology news

He seemed drunk without taking a sip of alcohol. It took years to get the rare illness diagnosed

Technology news (CBC) - Thu, 05/28/2026 - 05:00

Eric Poulin has auto-brewery syndrome, a condition caused by an imbalance of gut microorganisms.

Categories: Technology news

Investor burn books and FaceTiming Serena Williams: three founder fundraising stories from Homecoming

BetaKit - Wed, 05/27/2026 - 17:34

CEOs of Float, Neo Financial, and Rebel told Homecoming attendees how they courted investors.

The post Investor burn books and FaceTiming Serena Williams: three founder fundraising stories from Homecoming first appeared on BetaKit.

Categories: Technology news

Award-winning author Ken Liu is not afraid of AI slop

BetaKit - Wed, 05/27/2026 - 16:50

Liu is fine with AI coding, but finds the notion of it writing stories for him “revolting.”

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Jim Balsillie says Canada must put forward economic policy for the 21st century

BetaKit - Wed, 05/27/2026 - 16:37

CCI chair spoke on taking a lesson from US economic policy during BetaKit’s Most Ambitious: Town Hall.

The post Jim Balsillie says Canada must put forward economic policy for the 21st century first appeared on BetaKit.

Categories: Technology news

Cohere’s Nick Frosst thinks Canadian energy can be “100 percent” renewables

BetaKit - Wed, 05/27/2026 - 13:51

Growing Canada’s domestic capacity was a focus of Homecoming’s sovereignty-themed panel.

The post Cohere’s Nick Frosst thinks Canadian energy can be “100 percent” renewables first appeared on BetaKit.

Categories: Technology news

Is SPARQ Systems a buy right now?

Can Tech - Wed, 05/27/2026 - 13:46
Beacon Securities analyst Donangelo Volpe maintained a “Speculative Buy” rating and $2.00 target on SPARQ Systems (SPARQ Systems Stock Quote, Chart, News, Analysts, Financials TSXV:SPRQ) in a May 26 report after the company announced its largest purchase order to date. SPARQ, which designs and manufactures single-phase microinverters for residential and commercial solar applications, announced a […]

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“Not a blip”: AI was Canada’s venture market mover in 2025

BetaKit - Wed, 05/27/2026 - 13:37

Osler Deal Points Report found that AI captured 54 cents of every Canadian venture dollar last year.

The post “Not a blip”: AI was Canada’s venture market mover in 2025 first appeared on BetaKit.

Categories: Technology news

Should you sell your GigaCloud Technology stock?

Can Tech - Wed, 05/27/2026 - 13:34
Roth analyst Matt Koranda maintained a “Neutral” rating and $40.00 target on GigaCloud Technology (GigaCloud Technology Stock Quote, Chart, News, Analysts, Financials NASDAQ:GCT) in a May 25 report, saying estimates remain stable after a healthy first quarter. GigaCloud reported Q1 revenue of $360-million, up 32% year-over-year and ahead of consensus at $343-million. Adjusted EBITDA was […]

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Defence tech founders are frustrated with Canada’s approach to “dual-use”

BetaKit - Wed, 05/27/2026 - 13:30

At Arctic Edge conference, VCs offered a mea culpa while outlining why dual-use tech is here to stay.

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Categories: Technology news

Eliot Pence: Canada’s defence buying timelines are “irrelevant” for modern warfare

BetaKit - Wed, 05/27/2026 - 13:18

At Most Ambitious: Town Hall, Dominion Dynamics CEO said procurement must move in weeks, not decades.

The post Eliot Pence: Canada’s defence buying timelines are “irrelevant” for modern warfare first appeared on BetaKit.

Categories: Technology news

Uber’s president doesn’t know what the company’s 10.5 million drivers will be doing in 15 years

BetaKit - Wed, 05/27/2026 - 11:59

Andrew Macdonald tells Toronto Tech Week’s Homecoming that the gig app’s labour pool may soon start to shrink.

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Categories: Technology news

Why Shopify’s CEO thinks the one-person company is “bullshit”

BetaKit - Wed, 05/27/2026 - 10:58

But, as Tobi Lütke said at Toronto Tech Week’s Homecoming, those companies could still make a billion dollars.

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Categories: Technology news

Analyst explains why Avante (TSXV:XX) is worth more than you think

Can Tech - Wed, 05/27/2026 - 09:01
Beacon Securities analyst Gabriel Leung maintained a “Buy” rating and C$2.25 target on Avante (Avante Stock Quote, Chart, News, Analysts, Financials TSXV:XX) in a May 26 update, saying a comparable takeout in the security sector provides a positive valuation data point. Toronto-based Avante provides high-end security systems and services for residential, largely GTA-based, and commercial […]

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Canada is facing a labour shortage, RBC says

Can Tech - Wed, 05/27/2026 - 08:49
RBC assistant chief economist Nathan Janzen said in a May 26 report that Canada’s labour force is facing a structural squeeze as immigration caps collide with elevated retirements. Janzen said Canada’s population is on track to shrink in 2026 for the first time on record, while the available workforce is expected to decline by even […]

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Categories: Technology news

Is EnWave a buy right now?

Can Tech - Wed, 05/27/2026 - 08:42
Clarus Securities analyst Noel Atkinson lowered his target on EnWave (EnWave Stock Quote, Chart, News, Analysts, Financials TSXV:ENW) to $0.75 from $0.80 in a May 25 update, while maintaining a “Speculative Buy” rating, citing updated fiscal 2027 revenue expectations. Atkinson said EnWave’s new technology evaluation and licence option agreement with a US$20-billion-plus multinational consumer packaged […]

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