The Logic

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Well Health books $41.9M quarterly loss despite record revenue

1 day 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.
What Mark Carney’s cabinet picks say about his plans for Canada’s economy

1 day 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.
Honda pauses $15B investment in major blow to Canada's EV ambitions

1 day ago | thelogic.co | Anita Balakrishnan

Honda said it will postpone its $15-billion expansion in Canada by two years, telling shareholders in an open letter it will restart the massive project only with a “close eye on further market demands.”Honda Canada spokesperson Ken Chiu said the decision has no impact on current production or employment levels at the company’s manufacturing facility in Alliston, Ont., which employs about 4,200 people.
Robinhood nabs crypto firm WonderFi for $250M as it moves into Canada

1 day ago | thelogic.co | Claire Brownell

Toronto crypto firm WonderFi, which rose to prominence as a serial buyer of regulated Canadian crypto platforms, will itself be acquired. Robinhood, the U.S. company known for its popular stocks-and-crypto trading platform, has agreed to buy it for about $250 million in cash. WonderFi cashes out: Nasdaq-listed Robinhood is buying WonderFi for about 41 per cent more than the price at which the company’s stock closed on the TSX Monday.
Insurance firms want to cash in on the AI boom

1 day ago | thelogic.co | Murad Hemmadi

TORONTO — Armilla AI now sells insurance to cover the legal costs and other losses that businesses might incur when AI systems make mistakes. The Toronto-based startup’s AI insurance covers third-party liability for malfunctioning tools, repaying companies’ expenses and damages up to US$15 million when customers sue or regulators investigate them. There are more than 200 lawsuits related to AI systems in the U.S., according to a database maintained by George Washington University.
Ottawa needs to retool its energy policies—and fast, Alberta business leaders say - The Logic

2 days ago | thelogic.co | Jesse Snyder

At The Logic’s event in Calgary Tuesday morning, businesspeople, energy executives and First Nations leaders gathered to discuss how the country might better exploit its natural resources industry to build a more productive economy.
Alberta carbon tax freeze could “undermine investment,” business group warns

2 days ago | thelogic.co | Jesse Snyder

The province’s decision to pause its industrial carbon levy at $95 per tonne could hamper investor certainty, “hurt provincial competitiveness in the long run, and kneecap Alberta’s ability to reduce emissions,” Dale Beugin, executive vice-president of the Canadian Climate Institute, said in a statement. Alberta Premier Danielle Smith announced the pause on Monday, citing U.S. trade threats.
Montreal is about to unleash one of the toughest Airbnb crackdowns in the world

3 days ago | thelogic.co | Martin Patriquin

MONTREAL — A torrent of fraud on sites like Airbnb and a chronic housing crunch are the main reasons behind Montreal’s decision to impose among the strictest short-term rental laws in the world, according to city officials. A Montreal bylaw passed in March has made it illegal to list properties on platforms like Airbnb and Vrbo for less than 31 days.
Canadian startups are addicted to American money

3 days ago | thelogic.co | Catherine McIntyre

TORONTO — Despite the “Buy Canadian” movement elsewhere, Canadian startups are still turning to American investors to raise the money needed to build and grow their ideas. According to PitchBook, U.S. investors participated in 80 per cent of Canadian venture capital investments in the first quarter of 2025—that’s 86 deals worth US$800 million. U.S. investors led at least 24 of those transactions, , representing about half of all deal value.
B.C. projects without Indigenous equity stakes won’t get fast-tracked: Premier

3 days ago | thelogic.co | Jesse Snyder

British Columbia Premier David Eby said his proposal to hasten major project reviews will only apply to those that have direct partnerships with First Nations, including meaningful Indigenous equity stakes in projects built on their traditional lands. (The Globe and Mail)Talking point: His comments reinforce a growing consensus in the private sector that First Nations equity partnerships are key to getting major projects developed in Canada.