News
Canada is copying Europe's TikTok curbs, but without the teeth
8+ hour, 51+ min ago (834+ words) Canada is mimicking the EU's approach to tackling TikTok but lacks the same enforcement powers to hold the company to account OTTAWA " Canada is modelling its new TikTok safeguards on protections instituted by the European Union, but is doing so…...
Privacy commissioners’ probe calls out TikTok’s collection of teens’ data
5+ mon, 3+ week ago (210+ words) Canada's business and tech newsroom Canada's Business and Tech Newsroom The popular social media platform failed to obtain meaningful consent to collect and use "vast amounts" of user data, including for young users, according to a two-year joint investigation by…...
Meet the superusers letting AI take over their lives
1+ week, 1+ day ago (619+ words) As AI systems grow more capable, their heaviest users are giving them more and more control While James Basnett sleeps, his wealth management team gets to work. By the time he wakes up, a bespoke financial market analysis is ready…...
Fintrac finds its teeth with $202M enforcement blitz
3+ mon, 1+ day ago (278+ words) The anti-money laundering watchdog issued $202 million in penalties since April, more than eight times its previous annual record Canada's money-laundering watchdog has long been criticized for having more bark than bite, levying penalties a fraction of the size of those…...
Questrade secures licence to launch new bank
4+ mon, 1+ week ago (228+ words) Canada's business and tech newsroom Canada's Business and Tech Newsroom The Toronto-based online brokerage company said Monday it received the Office of the Superintendent of Financial Institutions (OSFI)s approval to launch, six years after first applying for a licence....
Cloudflare CEO warns AI is keeping businesses and their customers apart
4+ mon, 1+ week ago (324+ words) Matthew Prince is calling on publishers and companies to block AI developers from taking their content, in hopes of forcing them to pay for it TORONTO " AI is inserting itself between almost every firm and its customers, threatening today's business…...
Bank-owned tech company Symcor shrinks its open banking team
5+ mon, 2+ week ago (613+ words) The joint venture between some of Canada's biggest lenders says work continues on its troubled data-sharing platform, which hasn't left trial mode Bank-owned tech company Symcor has significantly shrunk the size of the team working on its financial data-sharing platform…...
Canada’s big banks, telecoms and tech firms are joining forces to fight scams
6+ mon, 1+ week ago (492+ words) From Bell to Google, major firms in Canada are following Australia's model of sharing information to fight fraudsters Major banks, telecommunications and tech companies in Canada are banding together for the first time to fight ever-more creative scams that target…...
Yaletown Partners raises $100M for its biggest innovation fund yet
7+ mon, 2+ week ago (195+ words) Yaletown's focus on industrial technology is particularly interesting to investors right now, managing director Salil Munjal told The Logic Vancouver-based venture capital firm Yaletown Partners has raised $100 million for its Innovation Growth Fund III, two years after closing its predecessor…...
Policies to keep quantum companies in Canada are coming soon, Solomon says
8+ mon, 3+ week ago (538+ words) Ottawa is worried that a blockbuster U.S. program will lure promising firms south TORONTO " The Liberal government plans to act swiftly to head off the threat of losing quantum computing companies to the U.S. as Washington goes hunting for cutting-edge technology and…...