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Xanadu receives $195M from feds to build quantum computing plant

John Dujay Technology Xanadu Quantum Technologies Toronto 1 day ago

Xanadu Quantum Technologies (XNDU-T) will use a $195-million investment from the federal government to refurbish a Toronto facility in order to build “fault-tolerant, utility-scale, photonic quantum computers.”

Kraken Robotics touts benefits of $615M Covelya acquisition

David George-Cosh Technology Kraken Robotics International Aug. 28 2026

Kraken Robotics Inc. (PNG-X) reported modest revenue growth in its final quarter before completing the $615-million acquisition of Covelya Group, a deal that sharply expands the Canadian marine-technology company's market reach.

Eclipse Automation receives $6M from federal agencies

John Dujay Technology Eclipse Automation National Aug. 25 2026

Cambridge, Ont.-based automated factory firm Eclipse Automation hopes to turn a $6-million federal government investment into a more productive digital future.

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RBC to expand Vancouver banking and innovation hub

Canadian banking giant RBC has an ambitious plan to grow its AI research institute hub, Vancouver Borealis AI hub, the company announced recently. The bank said it has a goal to achieve $700 million to $1 billion in enterprise value generated from AI-driven benefits by 2027.

John Dujay AI RBC Vancouver Jun. 2 2026

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