Canada to Compete in 2027 Eurovision Song Contest

Canada to Compete in 2027 Eurovision Song Contest

Canada will compete in the 2027 Eurovision Song Contest in Bulgaria, the CBC/Radio Canada and the European Broadcasting Union announced on Wednesday. The move follows the European Broadcasting Union, the Eurovision organizer, earlier announcing Canada’s full membership after a vote held at its 96th General Assembly in Prague. CBC/Radio-Canada, the country’s public broadcaster, had been an…

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Canada Tripling “Netflix Tax” on U.S. Streamers Draws Skepticism From Local Unions, Creatives

Canada Tripling “Netflix Tax” on U.S. Streamers Draws Skepticism From Local Unions, Creatives

After the American studios criticized Canada for raising its cash call on large U.S. streamers, skeptical local creative guilds and unions have raised questions around the CRTC’s latest Online Streaming Act ruling. Those are the same Canadian filmmakers supposed to benefit from the country’s TV czar slapping another 10 percent levy on foreign streaming platforms…

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Why Cohere is merging with Aleph Alpha

Why Cohere is merging with Aleph Alpha

Canadian AI startup Cohere is taking over Germany-based Aleph Alpha with support from Schwarz Group (parent company of grocery chain Lidl). With the blessing of their governments, the companies intend to offer a sovereign alternative to enterprises in an AI landscape dominated by American players. As companies that develop large language models, Aleph Alpha and…

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Quantum Biopharma bolsters Bitcoin treasury

Quantum Biopharma bolsters Bitcoin treasury

The biopharmaceutical company bought $1 million of Bitcoin and other cryptocurrencies, taking its total crypto holdings to $4.5 million. Quantum Biopharma has purchased an additional $1 million worth of Bitcoin and other cryptocurrencies, the Canadian biotechnology company said.  The buys take Quantum’s total cryptocurrency holdings to approximately $4.5 million, according to a May 19 press…

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Canada lags with stablecoin approach, but there’s room to catch up

Canada lags with stablecoin approach, but there’s room to catch up

Crypto industry observers in Canada are concerned that their industry is being left behind without a clear framework for stablecoins. The slow adoption of stablecoins in Canada has some local crypto industry observers concerned that the country is falling behind. The Canadian Securities Administrators (CSA) classified stablecoins as “securities and/or derivatives” in December 2022 after…

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