Businesses are reopening their doors across Canada as provinces ease lockdown restrictions. But even as revenues resume, profits remain elusive.Ontario is making its ban on commercial evictions for some small businesses retroactive to May 1, after months of frustration from entrepreneurs who’ve seen revenue plunge from the COVID-19 crisis.
Two types of software companies dominate the list of Canada’s most valuable technology stocks. There are those that generate most of their growth by expanding sales of new and existing products every quarter, such as Shopify Inc., Lightspeed POS Inc. and Kinaxis Inc.Story continues below advertisement
Ottawa supply chain software provider Kinaxis Inc. is beefing up its machine learning and artificial intelligence capabilities by buying Toronto startup Rubikloud Technologies Inc. for $60-million in cash.Montreal cancer drug developer Repare Therapeutics Inc. increased the target size of its Nasdaq initial public offering by more than half on Monday, saying it could raise up to US$152-million.