Browsing Tag
Government of Canada
10 posts
Canada’s federal deficit narrows 52% to C$5.4bn, but debt costs keep rising
Canada's federal deficit fell to C$5.36 billion in the first five months of the 2026-27 financial year, compared with C$11.07 billion a year earlier. Stronger tax revenue contributed to the improvement, although programme spending and public-debt charges continued to rise.
Cohere targets C$7bn AI funding round as Canada pledges C$1.6bn, but what is actually secured?
Cohere has announced an initial close of a Series E financing round targeting up to C$7 billion, supported by the Canadian government, Schwarz Group and NVIDIA. The proposed funding would strengthen its sovereign AI infrastructure and enterprise software ambitions, although the amount already secured and the economics underpinning its C$35.7 billion valuation remain undisclosed.
Plurilock Security targets Canada defence cyber compliance market through ADGA agreement
Plurilock Security Inc. has teamed with ADGA Group Consultants Inc. around Canada’s new defence-supplier cybersecurity certification regime, aligning a potentially expanding compliance market with the company’s push toward higher-margin Critical Services revenue.
Draganfly’s Canada deal has a 5,000-drone headline, but only 100 are firm. What matters?
Draganfly has secured a five-year Canadian Armed Forces tactical drone contract covering 100 firm systems and options for another 4,900, creating a potentially material defence opportunity relative to its current revenue base.
Xanadu locks in C$195m federal support for C$893m quantum manufacturing push
Xanadu Quantum Technologies has formalised C$195 million of Canadian federal backing for the C$893.4 million Project OPTIMISM manufacturing program, including a new 158,000-square-foot Toronto photonics facility. The agreement materially reduces the capital burden, but securities filings show the government contribution is conditionally repayable rather than a conventional grant.
Nouveau Monde Graphite financing package brings Matawinie closer to FID as NMG stock tests project-finance credibility
Nouveau Monde Graphite has secured a US$297 million equity package for Matawinie. Read why this financing could reshape North American graphite supply.
Rio Tinto (RIO) advances North American gallium supply chain with C$18.9m Ottawa support
Rio Tinto secures C$18.9M in Canadian funding for a Quebec gallium project. Discover what this means for critical minerals and semiconductor supply chains.
Inside Canada’s strategic climate play: How ICAF could reshape green investment in LAC
Deetken Impact and Canada partner on a $300M climate fund for Latin America. Find out how the Inclusive Climate Action Fund is changing green finance.
Canada funds 70 municipalities with C$5.2m to strengthen climate resilience
Canada invests CAD 5.2M in 70 municipalities to boost climate resilience through adaptation plans and risk assessments. Find out what this means for communities.
Goodyear announces major expansion of Napanee plant with focus on EV and all-terrain markets
The Goodyear Tire & Rubber Company has unveiled plans to significantly expand and modernise its Napanee, Ontario, manufacturing…