Catherine McIntyre

Toronto

Reporter at The Logic

Reporter @the_logic, formerly @thismagazine, @cdnbiz, @macleans | [email protected]

Articles

Canada’s construction sector turns to tech to tackle productivity slump: KPMG report

1 week ago | thelogic.co | Catherine McIntyre

A survey of 265 construction companies across Canada found that 78 per cent of firms are experiencing a skilled-labour shortage. While substantial, that’s down from 90 per cent in 2023, with 81 per cent of respondents reporting improved productivity and efficiency due to recent investments in technology.
U.S. senate pushes to rein in Trump’s proposed tax on foreign investors

1 week ago | thelogic.co | Catherine McIntyre

Senate Republicans’ amendments to U.S. President Donald Trump’s “big, beautiful bill” include a delay to a tax increase on foreign investors from countries the U.S. deems to have unfair tax measures. They would also reduce the increase from an additional 20 per cent above current rates to 15 per cent.
Hiive looks to raise up to US$100M for pre-IPO marketplace

1 week ago | thelogic.co | Catherine McIntyre

The Vancouver-based startup, which operates an online platform for trading shares of venture-backed companies, is seeking a capital injection to stay ahead of growing competition in the secondary market, said CEO Sim Desai. (Bloomberg)Talking point: Desai said Hiive is profitable, collecting roughly US$35 million in revenue on about US$930 million in transactions last year. Transactions for the first quarter of 2025 were up 68 per cent over the previous year’s quarterly average.
AI is stealing entry-level jobs from university graduates

1 week ago | thelogic.co | Catherine McIntyre

TORONTO — University graduates have new competition in the job market: AI. Recruiters, business consultants and university representatives say tools like ChatGPT are increasingly occupying the first rung of the employment ladder, making it harder for graduates to get into the job market. As a result, many people graduating this summer are struggling to find jobs as AIs do the work typically given to interns and co-op students.
PSP Investments is pursuing more Canadian assets amid U.S. risk

2 weeks ago | thelogic.co | Catherine McIntyre

A shaky U.S. market characterized by sweeping tariffs and a potentially punishing foreign tax policy is prompting the Public Sector Pension Investment Board, which reported earnings Friday, to look for more deals outside the U.S., including in Canada. (The Globe and Mail)Talking point: About 40 per cent of PSP’s assets are currently based in the U.S., compared to 20 per cent in Canada.
Open letter calls for feds to ramp up defence-tech investment and adoption

2 weeks ago | thelogic.co | Catherine McIntyre

One9, an Ottawa-based venture capital fund focused on defence technology, is urging business leaders to press the government to invest more money in defence tech startups and the funds that back them. One9, which Toronto’s Kensington Capital Partners acquired earlier this year, also wants a new public-private organization established to adopt Canada-made defence technology.
Mattamy Homes founder Peter Gilgan launches new company to build prefab housing

2 weeks ago | thelogic.co | Catherine McIntyre

The company, Stelumar Advanced Manufacturing, aims to produce modular components to eventually build about 3,000 housing units a year. The company is close to selecting a site for its factory in the Toronto area, and plans to begin operating in 2026. (The Globe and Mail)Talking point: Stelumar, which has been in the works for over a year, is well-positioned to take advantage of the federal government’s appetite for a home-building blitz.
Competition Bureau releases final guidance on anti-greenwashing bill

3 weeks ago | thelogic.co | Catherine McIntyre

It closely resembles the draft advice on the rules, which came into effect last June to crack down on companies that fail to properly back up their environmental claims.
Former Sonos CEO Patrick Spence to chair Balsillie-funded think tank

3 weeks ago | thelogic.co | Catherine McIntyre

A new think tank funded by former BlackBerry co-CEO Jim Balsillie has tapped ex-Sonos CEO Patrick Spence to chair the board, The Logic has learned. Vass Bednar, an outgoing executive director at McMaster University, will lead the organization as managing director. The Canadian Shield Institute is an offshoot of the Council for Canadian Innovators (CCI), a lobby group chaired by Balsillie that represents members of the tech and business community.
BDC and First Nations Bank put $100M into new Indigenous business fund

3 weeks ago | thelogic.co | Catherine McIntyre

The Business Development Bank of Canada (BDC) and First Nations Bank of Canada (FNBC) are providing $100 million in new financing each year for aspiring Indigenous entrepreneurs, as a wave of retiring small-business owners looks set to flood the market with buying opportunities. FNBC will manage the financing—which will be available as loans to Indigenous communities and development banks across the country—and BDC will cover up to 85 per cent of the risk in the event of a default.