David Reevely

2 days ago | thelogic.co | David Reevely

The Vancouver-based health company said it took a $35.2-million hit on its investments in its most recent quarter, driven by the declining value of its holdings in Healwell. Well Health bought an interest in the former competitor in 2023 and then took control of it on April 1. Well Health reported revenue of $294.1 million, up 31.6 per cent from the same quarter in 2024.

2 days ago | thelogic.co | David Reevely |Laura Osman |Joanna Smith

OTTAWA—Prime Minister Mark Carney unveiled his new team of cabinet ministers, intended to signal a sea-change on major economic files and a departure from former prime minister Justin Trudeau’s version of the Liberal government. Carney appointed 15 new faces to his inner cabinet circle of 28 ministers, and created 10 new roles for junior ministers that he calls “secretaries of state”—a convention not used since Stephen Harper was prime minister.

4 days ago | thelogic.co | David Reevely

New York-based Avant Bio led the investment round, which followed a previously unannounced US$4-million funding round led by Radical Ventures. (The Logic)Talking point: Intrepid promises to use autonomous, AI-driven robotic lab equipment—a platform it calls “Valiant”—to find and test potential new drugs, with repeated iterations rapidly building on the previous trials.

1 week ago | thelogic.co | David Reevely

The Vancouver-based telco reported net income of $301 million in its most recent quarter, more than double its profit in the same period last year, and added more than 1.1 million subscriptions to its assorted telecom services. Telus hiked its dividend by seven per cent, to about $1.67 a share per year. (The Logic)Talking point: Telus acknowledged it’s making less revenue per mobile phone customer, but signing more of them up helped its bottom line.

1 week ago | thelogic.co | David Reevely

The Brampton, Ont., company’s contract for a new robotic arm for use in space is with the Canadian Space Agency, so it’s not directly affected by a Trump administration budget proposal for NASA that would kill the Lunar Gateway space station, CEO Mike Greenley said on an earnings call. The Canadarm3 contract has other uses, he said, and the U.S.’s turn toward commercial space efforts are good for MDA’s business supplying robotics. MDA’s share price took a hit last week after the NASA budget news.