Honda is set to construct an extensive electric vehicle (EV) value chain in Canada, estimated to be worth CAD 15 billion. This initiative aims to fortify Honda's EV supply system and capabilities, anticipating a surge in EV demand in North America in the future.
General News
2.4 Tbps Trans-Atlantic Network to Advance Global Scientific Innovations
Internet2, in a joint effort with CANARIE, the Energy Sciences Network (ESnet), and GÉANT, announced a major expansion of 400 gigabits per second (Gbps) transoceanic circuit capacity dedicated to transferring research and education (R&E) data. As part of the Advanced North Atlantic (ANA) collaboration, this marks a significant achievement in high-speed connectivity between North America and Europe, supporting data-intensive science globally.
Government Grants CAD 2 Billion Loan to Canada’s Largest Space Program
Telesat has received formal communication from the Minister of Innovation, Science, and Industry of Canada, detailing the Government of Canada's decision to invest CAD 2.14 billion in Telesat Lightspeed.
UK and Canada Forge New Pathways in AI Collaboration and Innovation
UK and Canada have solidified their collaboration in science and innovation through the signing of dual agreements.
Canadian Employees Approach AI with Cautious Optimism
Amidst the ongoing integration of artificial intelligence (AI) across various industries, Canadian workers are navigating a juncture marked by both optimism and uncertainty. While 57% embrace AI as a beacon of progress, a significant 61% harbor concerns over its potential dark side.
Harbour Centre's MMR5 Propels Vancouver to the Forefront of the Digital Revolution
Harbour Centre, a cornerstone of Western Canada’s digital landscape, proudly announced the launch of Meet-Me-Room 5 (MMR5) — an inaugural step towards a cutting-edge, digital-first complex that integrates both the Harbour Centre and Spencer Building.
Fierce Telecom Competition Results in Lower Prices, Report Confirms
As parliament members delve into the affordability of telecom services, recent data underscored a consistent decline in cell phone and internet costs, contributing to a reduction in national inflation rates for February 2024.
Canada-Based Brookfield Acquires ATC India in $2.5 Billion Deal
A definitive agreement was signed between American Tower and Data Infrastructure Trust (DIT), an Infrastructure Investment Trust sponsored by Canada-based Brookfield Asset Management. Under the agreement, DIT will acquire 100% of the equity interests in American Tower’s operations in India (ATC India). At closing, the total cash proceeds to American Tower could reach approximately INR 210 billion, equivalent to $2.5 billion.
Popular Video App Faces Comprehensive National Security Review in Canada
Minister of Innovation, Science and Industry of Canada, François-Philippe Champagne, has announced that Canada is currently undertaking a comprehensive national security assessment concerning the proposed expansion of the widely-used video app, TikTok, owned by a Chinese entity.
Collaborative Efforts Forge Canada's Unique Quantum Communication Test Bed
The governments of Quebec and Canada continues to support the setting up of a one-of-its-kind quantum communication test bed. Funding of over $10 million has been contributed for the deployment and operation of the test bed.