Tag Archives: canada

Quebec Desjardins Starting $45m FinTech Fund

Desjardins is trying to diversify their banking domain by starting a $45m fintech fund in Canada. The fund will disburse funding between few hundred thousand dollars to $3m dollars to startups for exchange of 10-25% of their companies. By investing in new startups Desjardins can stay on top of its game when it comes to … Continue reading Quebec Desjardins Starting $45m FinTech Fund

15,000 Accounts Hacked at Canada’s Freedom Mobile

Freedom Mobile says that 15,000 accounts were breached earlier this year, and that they will be notifying customers if their accounts were breached. Freedom Mobile had no idea their system was hacked until security firm vpnMentor notified them of the breach. vpnMentor said they had reached out to the company few times to let them … Continue reading 15,000 Accounts Hacked at Canada’s Freedom Mobile

Toronto Walmart Allows Phone Purchases in Store

No more need for cashiers at a Walmart store in Toronto. Walmart Supercentre near St Claire and Runnymede is testing out fast lane checkout system. Walmart said that they will also roll out this fast lane check out in Thornhill next year and that if the system will be deemed successful at these stores, it will … Continue reading Toronto Walmart Allows Phone Purchases in Store

Ontario Reduces Startup Funding

Ontario government has decided to cut funding to startup and innovation programs in the province. Ontario Premier Doug Ford has promised to balance province’s books at any means necessary. Ford wants to cut funding by 50% to various provincial agencies that help IT and tech companies scale up in Ontario. For example, Ontario Centres of … Continue reading Ontario Reduces Startup Funding

Vancouver Potentially Cracking Down on Bitcoin ATMs

Police in Vancouver say that Bitcoin ATMs are used for money laundering and must be stopped. Vancouver Mayor agrees with them. Bitcoin users say that federal rules need to be set for bitcoin across Canada. Unlike banks and money lending services, bitcoin machines are not covered by federal anti-money-laundering regulations. “Regulate the use and operation … Continue reading Vancouver Potentially Cracking Down on Bitcoin ATMs

Uber to remove users with low ratings in Canada

Uber will start removing users whose ratings it finds unacceptable. Uber mentioned that they will notify users several times to improve their rating before kicking them off. If Uber removes your account due to your rating, you will also lose access to Uber Eats as well as Jump scooter app. “Respect is a two-way street, … Continue reading Uber to remove users with low ratings in Canada

Federal Government Starts Subsidies on Electric Cars across Canada

If you are shopping for electric cars, today is a great day to buy one as the government of Canada starts subsidizing electric cars across Canada no matter where you are in Canada, British Columbia to PEI. We have recently written about the $5,000 subsidy and criticized the government for only providing subsidies on cars … Continue reading Federal Government Starts Subsidies on Electric Cars across Canada